May 2019 has ended and like every month we look back and analyze what happened with Bitcoin and the altcoin market. Although April was already a very bad month for altcoins, May was not much better. In May Bitcoin outperformed altcoins by 20% on average, so trading would have been very difficult for altcoin traders. In total, 92% of all altcoins were outperformed by Bitcoin!
Noticeable gainers were $LINK, $SKY, and $TNT. The biggest losers were $BAT, $PPT, and $QKC. Hopefully after two months of upward movement, BTC will slow down a bit and will give altcoins some room to shine in June.
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