May 2021 Recap & Outlook image
May was an eventful month and while the S&P fell ~4% at one point, crypto stole the volatility show. $ETH, for instance, rose ~50% during the first 12 days and then proceeded to fall >50% over the next 12 days before recovering some. While $BTC lost almost 50% of it's value, it didn't experience the gains $ETH had early in the month and thus is down substantially more over the same time period. If you look at some of the altcoins, some of them experienced drops of 80%+ raising many questions over whether crypto is an asset class or not. I have noticed that anytime there is a significant pullback in crypto in a short ...
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