Digital assets dipped this week, as SEC enforcement actions against Binance and Coinbase in America dominated the news cycle.

Digital assets saw a slight recovery from last week’s performance as May marked Bitcoin’s first negative monthly candle of the year.

Digital assets traded in a tight range this week, as concerns over the ongoing US debt ceiling uncertainty drained momentum from risk-on assets.

Digital assets continued their sluggish May performance, but bearish momentum slowed compared to last week.