Can Cryptocurrency Bounce Back in May?
April was pretty rough for investors of digital currencies. All eight of the world's most valuable cryptocurrencies -- not including stablecoins -- posted double-digit percentage declines. Stocks and bonds also took big steps back last month, but crypto led the sinkers between the three asset classes.
It's frustrating. Investors who turned to crypto as a way to diversify into alternative assets aren't seeing a disconnect between cryptocurrencies and the stock market. The downticks and volatility have been even worse through the Wall Street drawdown. Things look pretty bleak right now, but is it too early -- or perhaps too late -- to throw in the towel? Let's go over the grim landscape before ending on a more promising note.
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Source Fool.com
