May 2024 recap - Back up
Again a month has passed. Let me show you how my portfolio did.
Market update
After the correction in April, we saw the market go up again in May. Not yet to all time highs, but pretty close to them. The total market cap of cryptocurrencies went up from 2.21 tn to 2.53 tn. Bitcoin dominance went down from 53.3% to 52.7%.
Looking at the prices of the individual currencies, Bitcoin went up from $59,900 to $67,600 this month. The price of Ethereum went up even more, from $2,980 to $3,790.
Current Portfolio
Again I didn't invest more money in Bitcoin and Ethereum. My overall portfolio value is now about €4,300 higher than one month ago. My portfolio shifted quite a bit towards ETH. My personal BTC "dominance" is down from 50.0% to 47.5%.
In total I have invested €2,600 in Ethereum and Bitcoin, so I'm at a €27,600 overall profit.
I managed to steadily increase my Hive Power holdings from 10,625 to 10,790 HP. The highest amount ever!
Will we see new ATH levels in June? Or will we see some downward or even bearish movement? We'll find out in the coming recaps.
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May the Hive Power be with you!
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