Crypto
Bitcoin gives back most of May\'s gains, outlook splits below $80,000
Bitcoin fell below $78,000 to its lowest level in May, giving back most of its gains for the month. The drop came as markets reflected concerns over U.S. Treasuries and a U.S.-Iran war issue, alongside rising uncertainty over global oil supplies after Iran moved to introduce a passage regime for the Strait of Hormuz that would exclude U.S.-related transit. Some traders pointed to rising open interest and negative funding as signs of a potential bear trap, while others flagged scope for further declines.
