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April 2024 recap - Correction

erikklok

Published: 01 May 2024 › Updated: 01 May 2024April 2024 recap - Correction

April 2024 recap - Correction

Again a month has passed. Let me show you how my portfolio did.

Market update

After the wonderful month of March, we saw a correction in April. We cannot confirm whether it's just a correction or the end of the bull run (although I expect the former). The total market cap of cryptocurrencies went down from 2.52 tn to 2.21 tn. Bitcoin dominance went up from 52.2% to 53.3%.

Looking at the prices of the individual currencies, Bitcoin went down from $67,000 to $59,900 this month. The price of Ethereum also went down, from $3,375 to $2,980.

Current Portfolio

Again I didn't invest more money in Bitcoin and Ethereum. My overall portfolio value is now about €2,850 lower than one month ago. My relative portfolio was pretty stable. My personal BTC "dominance" is still at 50,0%.

In total I have invested €2,600 in Ethereum and Bitcoin, so I'm at a €23,250 overall profit.

I managed to steadily increase my Hive Power holdings from 10,490 to 10,625 HP. The highest amount ever!

Will we see the end of the correction in May? Or will we see some more downward or even bearish movement? We'll find out in the coming recaps.

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Traffic & Transport Consultant with a special interest in EV's and crypto

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