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
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