May 2021 Crypto Market Recap - Musk, the Dip, FUD, and Support

May was a crazy month for crypto! but for those who have been in the space for a while, it all came with the terrain. Musk suddenly gave bitcoin the cold shoulder, the crypto market took a big dip, the media wielded FUD for headlines, but signs of key support from big players kept it all from swinging too low. Let’s not forget May also saw an Ethereum all-time-high, proved the continued hype for Meme Coins, showed that NFTs are capable of sticking around, and turned investor attention to means of passive crypto income. The crypto space has always been subject to huge fluctuations and it’s impossible to predict the future. Please also let the big dip in May serve as a reminder to stay responsible with your money when the bull market is tempting you to “go all-in“ or “yolo“. Cryptocurrency is a fascinating and cutting-edge industry, but it’s important to set boundaries for yourself to make sure no unexpected price change hits you too hard. Trade Crypto on Phemex → ← Register n