While the first 5 months of 2023 are behind, Bitcoin (BTC) closed a month red for the first time.
Bitcoin is the first of this year 4 months of positive closing then ended May with a decline. However, in May, when Markoeconomic problems peaked, Bitcoin compared to 2 years performed better.
After rising slightly after a 25 basis point rate hike by the US Federal Reserve (FED) at the beginning of the month 14% Bitcoin falling to May lows 25,800 was down to $. Bitcoin then some recovery Even though he lives, he has lost the month of May with a decline. closed. Bitcoin since the beginning of this year 80% rise performance, despite the decline in May up to 60% declined.
Known in the global and crypto money market “Sell and Go in May” It happened this year as well. However, in Bitcoin 5 of the year 4 red of the year in June Curious what will happen. Bitcoin generally spends the summer months without volume, however, in July, it closes green on average. Looking at the old data, it is thought that there may be a decrease in June and an increase in July. As August progresses a little more neutrally table investors in september it scares.
On the other hand, Bitcoin transaction in May volumes also quite low was level. It is thought that one of the biggest reasons why the volumes are so low is that the giant crypto money market makers Jane Street and Jump Trading quit their activities in the country in the face of the repressive policy of the USA on the crypto money sector.
In addition, the US debt limit agreement and the risk of default have also affected the Bitcoin and crypto money market.
The most popular and rising altcoins in May were Kava (KAVA) and Render (RNDR), while the most declining altcoin 580 million worth a dollar more than 386 million The token was opened by Optimism (OP).
