Investing.com– Bitcoin rose slightly on Tuesday amid soft year-end trading volumes, but the token was set for its first monthly fall since early August.
climbed 0.8% to $94,545.0 by 07:22 ET (12:22 GMT).
The most popular cryptocurrency fell to over a month low of $91,522 on Monday but later recovered as dip buyers emerged.
Bitcoin recorded its second straight weekly fall last week, and has fallen in five out of the last six sessions.
Bitcoin set for first monthly fall since Aug
Bitcoin was set to lose nearly 4% in December, which saw the U.S. Federal Reserve’s hawkish tilt.
It had risen nearly 40% in November with a rally induced by Donald Trump’s presidential election victory in early November.
The rally had pushed the token to an all-time high of $108,244.9, after which prices fell due to profit-taking amid macroeconomic pressures…
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