This month, Bitcoin hit $111,000, crypto laws in the United States blazed ahead yet again, and Coinbase joined the S&P 500.
May saw bullish momentum in crypto markets as Bitcoin (BTC) reached a new all-time high above $111,000 and Coinbase joined the S&P 500.
Markets could breathe a sigh of relief when, on May 12, US President Donald Trump reached a trade deal with China, putting a 90-day hold on tariffs that had markets in a tailspin. The news saw BTC price hit $105,000, a three-month high, before tipping down to $102,000.
On the policy front, five US states enacted new Bitcoin laws. Texas established the long-awaited state Bitcoin reserve. In Alabama, an effort to exempt crypto from certain forms of taxation was indefinitely postponed.
