Last year was a particularly bad one, too. Bitcoin plunged by 35.3% in May 2021 as the world's biggest cryptocurrency crashed to $30,000… weeks after hitting a new all-time high of $64,000.
When May has ended the month down, average losses came in at 16.5%. By contrast, typical gains stood at 34.5% after a month closed in positive territory. Some rough calculations suggest that Bitcoin's range could be between $32,000 and $51,000 in May as a result. Of course, Bitcoin's exact movements are impossible to predict — and an upcoming meeting of the Federal Reserve's Open Market Committee will inject additional turbulence.
The markets will soon find out whether economists at the U.S. central bank will raise interest rates by half a percentage point as expected.
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What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 38 - FEAR, with price of 38219.432942413258 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also.
Why are you manipulating the market? Why don't you update the data? Example CEEK VR 160. It has a value of 260 million dollars in the Raca 230. It has a value of $ 300 million. How is this ranking?
Wouldn't it be better if your crypto success didn't depend on what Bitcoin price does in May? That's what I am focusing on.
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