Cryptocurrency prices broke down over the past week as Bitcoin (CRYPTO: $BTC) ended May down 4% on the month.
The price of Bitcoin was trading at $74,000 U.S. late on May 29, down from a peak of $82,000 U.S. at the start of the month. Other cryptocurrencies also slid lower, with Ethereum (CRYPTO: $ETH) ending the week and month hovering right around the key support level of $2,000 U.S.
Digital assets continue to sink lower even as stocks indices to hit all-time highs. Investors have rotated capital into technology stocks related to the artificial intelligence (A.I.) trade and out of cryptocurrencies.
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