Sell in May and go away? While the month may traditionally give equity bulls cold feet, it should probably not be a cause of worry for the bitcoin market. Indeed, it's true the month of May is often a weak period for equities, and that bitcoin has acted as a risk asset (moving in tandem with equities) since February. As such, cryptocurrency investors may fear that a potential drop in equities could end up dragging bitcoin prices lower.
However, historical data suggests that bitcoin is more likely to build upon its April rally this month. Notably, the world's largest cryptocurrency by market capitalization has scored gains in the month of May in five out of the last seven years, according to CoinDesk's Bitcoin Price Index.
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