Investors continue to rebalance their portfolios, with some targeting crypto to sell in May, especially after the bleeding witnessed this week. Bitcoin extended the correction to $56,500 on Wednesday amid the FOMC meeting, which left interest rates unchanged. With inflation stubbornly rising in the US and across major economies, a narrow focus to crypto investing could ensure profitable portfolios in the long run.
Coins Topping The Crypto To Sell List In May
Bitcoin rallied to a new historical high of $73,837 in March, bolstered by exposure to new Bitcoin ETFs. Although altcoins generally rallied in tandem, with some achieving record levels, experts believe the altcoin season is yet to come.
The other key factor to consider is Bitcoin halving, whose third cycle occurred on April 20. As extensively discussed by CoinGape analysts, the halving’s impact on BTC price and the crypto market would be immense.
However, due to the gradual potential reduction in supply and the subsequent increa
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