Although Q2 is historically a highly profitable quarter to bitcoin, the asset has failed to produce any gains in the same period 2021 so far. Moreover, BTC ended May with massive losses, which actually made it the second-worst performing month with a substantial 35% decline in USD value.
Bitcoin’s Second-Worst Trading Month
It’s safe to say that May, which ended hours ago, didn’t go well for the primary cryptocurrency. The asset came after a red-hot April in which it reached the latest all-time high at $65,000 but ultimately retraced to below $60,000.
Actually, May started rather well. Bitcoin added a few thousand dollars in the first week or so and challenged the coveted $60,000 line. However, the inability to breach it caused concerns within the crypto community as proponents argued that if BTC fails to conquer it, a rejection may arrive.
And, such a rejection indeed arrived shortly. Perhaps prompted by Elon Musk and Tesla disallowing BTC payments for the EV-maker’s products
Źródło: https://cryptopotato.com/bitcoin-closed-may-as-the-second-worst-performing-month-with-a-35-drop/
