May Monthly Report: Will Crypto Finally Get in Tune, Or is it Still Too Soon?

The majority of May was looking rather dismal for crypto markets, as prices continued to slip ever since topping out on April 11th. From May 1st to 24th, the price of Bitcoin fell another -8.5%. However, from the 24th to 31st, BTC jumped back +4.1%.

Things appear to be looking a bit more up as we turn the calendar to June, 2023. Particularly with the news that the US House just passed a key debt ceiling deal at the turn of the month, which has generally been regarded as a bullish event for both equities (and crypto due to its continued correlation).

But one event in May certainly could not have been predicted: FantasyGold has jumped over +500,000% in a bizarrely quiet fashion, now propelling up to the 23rd largest market cap asset in crypto. You can read more about

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!