The crypto market dropped in May, but June has a silver lining -Breaking
Although the crypto market fell in May, June had a silver lining.
May 2022 wasn’t for the weak-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%.
Crypto was able to show a higher correlation with actual-world events than it is today and it did not seem affected by capitalistic failures and successes. There is however a steady peg between (BTC) and the S&P 500 index was seen throughout the first five months of 2022. Both markets have been affected by war fear and inflation.