The Bitcoin Monthly: May Report

This monthly report is authored by ARK’s CEO, Cathie Wood, ARK Analyst, Yassine Elmandjra, and ARK Research Associate, David Puell.

Considering the market’s fast pace of change, ARK publishes The Bitcoin Monthly, an “earnings report” that details relevant on-chain activity and showcases the openness, transparency, and accessibility of blockchain data.

Topics Addressed in The Bitcoin Monthly May Report include:

• Bitcoin closed the month of May down 17.2%, declining from $38,480 to $31,835.
• Bitcoin still faces an uncertain macro environment, as the global economy shows signs of a recession.
• Terra blowup marks one of the largest fiascos in crypto market history, sending a warning to crypto markets.
• Bitcoin’s on-chain fundamentals remain strong, as short-term holders capitulate.

We hope you find this commentary useful.