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Saturday, July 2, 2022
JockerCryptoNews
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    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

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    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    Bored Ape Airdrop Exploited To Steal $1.5 Mln in Apecoin

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    Mfers NFT Prices Slump After Creator Pulls A Satoshi Nakamoto

    English Premier League Plans To Issue NFTs, Filing Shows

    English Premier League Plans To Issue NFTs, Filing Shows

    Bored Ape Airdrop Exploited To Steal $1.5 Mln in Apecoin

    Bored Ape, Otherside Discords Hacked Again

    Will Apple Unveil NFT Trading Cards In Next Week’s Developer Event?

    Will Apple Unveil NFT Trading Cards In Next Week’s Developer Event?

    ApeCoin Community Chooses Ethereum Over Avalanche, Here’s Why

    ApeCoin Community Chooses Ethereum Over Avalanche, Here’s Why

    Former OpenSea Executive Charged With NFT Insider Trading

    Former OpenSea Executive Charged With NFT Insider Trading

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    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

    Where Do They Come From and Where Are They Going?

    Where Do They Come From and Where Are They Going?

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    The Sandbox — LAND Smart Contract Migration

    The Sandbox — LAND Smart Contract Migration

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    The Go-To Marketplace For All Things Metaverse

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    The Web 3 LAND Sale

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    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

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    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

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    Here’s how to keep your data, devices safe

    Here’s how to keep your data, devices safe

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    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    The Evolution of Digital Assets Securities

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    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

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    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

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    Third-Party Organizations Provide Real-Time Ups

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    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

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    Best Ways to Make Money with Bitcoin in 2021

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    How to Instantly Exchange Cryptocurrency on Changelly

    What Is the Best Cryptocurrency to Mine?

    What Is the Best Cryptocurrency to Mine?

    How to Create Your Own Cryptocurrency

    How to Create Your Own Cryptocurrency

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    Benefits of Cryptocurrency

    How to Start Trading Cryptocurrency

    How to Start Trading Cryptocurrency

    EtherLite (ETL) Cryptocurrency Price Prediction

    EtherLite (ETL) Cryptocurrency Price Prediction

    How to Trade Bitcoin Futures

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    Ethereum Remains Attractive, What Could Trigger More Upsides

    Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100

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    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

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    Why CEOs See Bullish Signs

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    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

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  • Blockchain
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    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

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    CBDCs now hold wholesale appeal for central bankers

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    Luna crash sends a chill through decentralised finance market

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    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

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    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

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    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    Bored Ape Airdrop Exploited To Steal $1.5 Mln in Apecoin

    NFT Market Takes Huge Hit, Bored Ape NFT Prices Crash 25% In A Day

    Mfers NFT Prices Slump After Creator Pulls A Satoshi Nakamoto

    Mfers NFT Prices Slump After Creator Pulls A Satoshi Nakamoto

    English Premier League Plans To Issue NFTs, Filing Shows

    English Premier League Plans To Issue NFTs, Filing Shows

    Bored Ape Airdrop Exploited To Steal $1.5 Mln in Apecoin

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    Will Apple Unveil NFT Trading Cards In Next Week’s Developer Event?

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    ApeCoin Community Chooses Ethereum Over Avalanche, Here’s Why

    Former OpenSea Executive Charged With NFT Insider Trading

    Former OpenSea Executive Charged With NFT Insider Trading

  • Metaverse
    The Sandbox — LAND Smart Contract Migration

    Introducing mSAND-MATIC staking at The Sandbox

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

    CyberKongZ and The Sandbox Team Up For VoxEdit Contest

    Where Do They Come From and Where Are They Going?

    Where Do They Come From and Where Are They Going?

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    Disney Hires Former Apple Executive to Head Metaverse Creative Strategy

    The Sandbox — LAND Smart Contract Migration

    The Sandbox — LAND Smart Contract Migration

    The Go-To Marketplace For All Things Metaverse

    The Go-To Marketplace For All Things Metaverse

    The Web 3 LAND Sale

    The Web 3 LAND Sale

    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

    As Otherside Land Value Drops, Yuga Labs Faces Giant Tax Obligation

    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

    The Desktop Client Beta is Closer Than Ever to a Full Launch—Get it Now!

  • Tokenization
    Here’s how to keep your data, devices safe

    Here’s how to keep your data, devices safe

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    Amber Group Now Insures Digital Assets Held On Behalf of Clients

    The Evolution of Digital Assets Securities

    The Evolution of Digital Assets Securities

    Web3 Delight Lagos – Breaking barriers to pave the way for the digital future

    Web3 Delight Lagos – Breaking barriers to pave the way for the digital future

    21st-Century Inventions with the Biggest Impact

    21st-Century Inventions with the Biggest Impact

    Matrixport’s Cactus Custody™ Launches Institutional Custody Service for Non-Fungible Tokens (NFTs)

    Matrixport’s Cactus Custody™ Launches Institutional Custody Service for Non-Fungible Tokens (NFTs)

    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

    Société Générale Now Offers A Range Of Capital Market Products Utilizing Tezos And Leveraging METACO’s Harmonize Solution

    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

    INX and SICPA Sign an MOU to Establish a Joint Venture to Develop An Innovative CBDC Ecosystem To Support Monetary Sovereignty

    Third-Party Organizations Provide Real-Time Ups

    Third-Party Organizations Provide Real-Time Ups

  • Learn
    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Crypto Mass Adoption: Traditional Stocks in Your Crypto Portfolio

    Best Ways to Make Money with Bitcoin in 2021

    Best Ways to Make Money with Bitcoin in 2021

    How to Instantly Exchange Cryptocurrency on Changelly

    How to Instantly Exchange Cryptocurrency on Changelly

    What Is the Best Cryptocurrency to Mine?

    What Is the Best Cryptocurrency to Mine?

    How to Create Your Own Cryptocurrency

    How to Create Your Own Cryptocurrency

    Benefits of Cryptocurrency

    Benefits of Cryptocurrency

    How to Start Trading Cryptocurrency

    How to Start Trading Cryptocurrency

    EtherLite (ETL) Cryptocurrency Price Prediction

    EtherLite (ETL) Cryptocurrency Price Prediction

    How to Trade Bitcoin Futures

    How to Trade Bitcoin Futures

  • Analysis
    Ethereum Remains Attractive, What Could Trigger More Upsides

    Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100

    Bitcoin Resumes Rally, Why BTC Could Accelerate Above $40K

    Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

    Should You Play Axie Infinity: Origin?

    Should You Play Axie Infinity: Origin?

    Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K

    Bitcoin Prints Bearish Pattern, Why BTC Could Drop To $42K

    Bitcoin Corrects Lower, Why This Indicator Holds The Key

    Bitcoin Tops Near $47K, Why The Bulls Must Defend $45K

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Bitcoin Key Indicators Suggest Strengthening Case For Fresh Surge

    Kraken, Another Giant Exchange Integrates The Lightning Network

    Kraken, Another Giant Exchange Integrates The Lightning Network

    Why CEOs See Bullish Signs

    Why CEOs See Bullish Signs

    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

    Alpha Venture DAO Transforms Web3 Project Incubation Through Community Focus

  • Blockchain
    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    Money Clinic Podcast: Surviving the ‘Crypto Crash’

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake

    DeFi’s promise of democratising finance remains a distant reality

    DeFi’s promise of democratising finance remains a distant reality

    Blockchain.com Plans to Provide an NFT Domain Name to 83 Million Wallet Users – Blockchain Bitcoin News

    The crypto plan to save our souls

    The crypto plan to save our souls

    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    Hong Kong’s OSL and US-Based Abra Become the Latest Crypto Firms to Announce Layoffs

    CBDCs now hold wholesale appeal for central bankers

    CBDCs now hold wholesale appeal for central bankers

    Luna crash sends a chill through decentralised finance market

    Luna crash sends a chill through decentralised finance market

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

    Ukraine Joins European Blockchain Partnership as Observer – Blockchain Bitcoin News

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Bitcoin (BTC) Closes the Month of May With -35.31% in Monthly Returns

June 2, 2021
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  • Bitcoin has closed the month of May with -35.31% in monthly returns
  • This is Bitcoin’s second-lowest monthly return after November 2018 which closed with -36.57%
  • Bitcoin just got rejected at $37,894 and is still trading below the 200 days moving average
  • Chances of another drop to lower levels increase with Bitcoin failing to trade above this MA and the $40k price area

The month of May 2021, will definitely go down in history as one of Bitcoin’s most volatile to date. Bitcoin opened the month at the $57,632 price area and would go on to hit a local high of $59,500 on May 8th. As soon as the latter level was reached, Bitcoin began a pullback that was accelerated by FUD that saw the King of Crypto hit a local low of $30k on May 19th.

Key to Bitcoin’s woes in the month of May were the following two events:

Bitcoin Closes the Month of May with -35.31% in Monthly Returns

It is with this brief background of events that Bitcoin has closed the month of May with -35.31% in monthly returns. This is the lowest value of monthly returns after September 2018 which closed with -36.57% as highlighted in the following chart courtesy of Bybt.com.

Bitcoin (BTC) Closes the Month of May With -35.31% in Monthly Returns 15

Bitcoin Gets Rejected at $37,894 and Still Trading Below the 200-day MA

Earlier today, Bitcoin hit a local high of $37,894 where it got rejected and started another slow fall to current levels of $35,917.

To note is that Bitcoin is still trading below the 200-day moving average for a total of two weeks now. The moving average is proving to be a tough resistance zone at $40k and will determine whether Bitcoin returns to bullish territory in the days and weeks to follow.

Bitcoin continuing to consolidate below this key moving average, increases its chances of a drop to $30k once again or even to the $28k support zone.

However, the new month of June might provide renewed optimism in Bitcoin and digital assets as crypto traders put behind the two events of Elon Musk sharing his concerns of BTC mining being detrimental to the environment, and China reiterating its 2018 ban on Bitcoin mining and crypto trading.

Therefore, $40k and the 200-day moving average might be regained by Bitcoin in the days and weeks to follow.

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