From Cointelegraph
May 31, 2025 9:00 am:

In May, Bitcoin hit a new all-time high above $111,000, and Coinbase joined the S&P 500. President Trump’s trade deal with China caused BTC to hit $105,000 before dropping to $102,000. Five US states enacted new Bitcoin laws, including Texas establishing a state Bitcoin reserve and Alabama postponing crypto tax exemption efforts.

Coinbase stock rose 19.37% despite a $400 million security breach. The company became the first to join the S&P 500, sparking industry growth but raising concerns about security and market volatility. Major indexes bounced back after the US-China tariff deal, with Nasdaq and S&P 500 seeing gains.

“Bitcoin Pizza Day” saw BTC market cap surpass Amazon at $2.2 trillion, with the price hitting a new ATH above $109,000. The rally slowed by month-end, with Bitcoin ETFs seeing outflows. OpenAI moved its World project to the US following legal actions in 12 countries, addressing privacy concerns.

Read more at Cointelegraph: Bitcoin all-time high and Coinbase in S&P 500: May in Charts