May 2020 has come to an end. Time for our team to analyze what happened with Bitcoin and the altcoin market. In April we reported that the crypto market had magically recovered from the severe COVID-19 crash. In May, the magic continued.
After the 36% gain in April, Bitcoin gained another 8.1% in May. Altcoins also performed very well and gained 31.61% on average in USD value! Overall 90.3% of all altcoins increased in USD value. The crypto market finally had two very strong months in a row.
The top 5 performers in May were $TFUEL (+361.80%) , $BNT (+202.31%), $AST (+193.36%), $ZIL (+176.20%), and $EDO (+126.45%). Biggest losers were $LTO (-6.75%), $LTO (-7.61%), $SOL (-19.69%), $TNT (-22.94%), and $DATA (-26.44%).
In the following chart you can see how April compared to the last twelve months of altcoin performance.
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