Sold in May and went away? Bitcoin risks another 10% drop as month turns red
Bitcoin risks a 10% further drop in June after tracking toward a negative May—historically signaling short-term weakness. Data shows BTC averages -10% returns one month after red Mays, though longer-term recovers to +12.9% over six months. Critical support sits near $60,000; a break below $70,000 would intensify bearish pressure. In normal market cycles, red May weakness fades quickly.
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Banca Sella Becomes First Italian Bank Licensed for Bitcoin and Crypto Services Under MiCA
Banca Sella becomes Italy's first bank authorized for crypto custody and transfer services under EU's MiCA regulation. The Biella-based institution completed notification with the Bank of Italy on May 27, launching digital asset services for corporate and institutional clients before year-end. This marks significant European banking sector momentum toward regulated crypto infrastructure, positioning Italy ahead of US banks lacking comparable frameworks.
DDC Buys Bitcoin Twice in One Week, Grows Treasury 14% Without Dilution
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