Bitcoin Declines to Three-Month Low After 4% Fall

The price of Bitcoin, the world's largest cryptocurrency by market capitalization, has dropped significantly in recent trading. On June 3, it fell to $64,721.39, marking a new low for the currency.

This decline marks the third month in a row that Bitcoin's value has fallen below its peak from February 28. The exact reason behind this drop is unclear, but market fluctuations are a common occurrence in the cryptocurrency space.