May 2021 recap - Huge correction
Again a month has passed. Let me show you how my portfolio did.
Market update
Again a pretty volatile month on the crypto markets, but a lot more bearish than the start of the year. After a huge dip with a low on the 23rd, the prices gained back some ground. The total market cap of cryptocurrencies went down from 2.26 tn to 1.66 tn. Bitcoin dominance was down a bit again from 46.3% to 42.1%.
Looking at the prices of the individual currencies, Bitcoin went down from $56,000 to $37,300 this month. The price of Ethereum went down from $3,380 to $2,680.
Current Portfolio
Again I didn't invest more money in Bitcoin and Ethereum. In fact I sold crypto for the first time ever. Around the start of the month I sold about €1,400 of both. When the price crashed I bought back some ETH and I still have a limit order for BTC. I also kept part of the fiat that I can either cash out or reinvest later. My overall portfolio value is now about €6,000 lower than one month ago. My portfolio shifted a lot towards ETH. My personal BTC "dominance" is now at 37.2% (from 47.8%).
In total I have invested €2,600 in Ethereum and Bitcoin, so I'm still at a €13,800 overall profit.
I managed to steadily increase my Hive Power holdings the last month from 6,275 to 6,347 HP.
Will we see more pressure towards the downside? Or are we going to see the price getting up quickly again? We'll see it in the coming recaps.
Posted Using LeoFinance Beta
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It was a red month for sure. Great to see that you are also doing some trades and selling some crypto.
It is still only a profit when it is returned back to fiat.