Bitcoin Struggles to Break $27K Amid May Price Dip and Inflation Worries

Bitcoin continues its sluggishness in June, trading at around $26,950, down 0.5% over the past 24 hours and the second consecutive day BTC dropped below $27,000. The downward trend from May when bitcoin’s price dipped almost 4% to break a four-month streak of gains. Other major digital assets were mostly down, albeit not by much, although litecoin was an exception as it recently rose more than 7%. The crypto market is in a builder's market phase, with a lot of interesting protocols and companies being launched, and venture funding creeping back in, setting the foundations for the next bull cycle.