Bitcoin all-time high and Coinbase in S&P 500: May in Charts
In May, Bitcoin (BTC) reached an all-time high above $111,000, with a subsequent price of $105,000 following a US-China trade deal that suspended tariffs for 90 days. Five US states enacted new Bitcoin laws, including Texas establishing a state Bitcoin reserve and Arizona creating a Bitcoin and Digital Assets Reserve Fund. Coinbase's stock rose 19.37% despite a $400 million security incident, and it became the first crypto company included in the S&P 500 Index. Major stock indexes gained after the trade deal, with the Nasdaq-100 up 9.16% and the S&P 500 up 6.16% for May. On "Bitcoin Pizza Day," BTC's market cap surpassed Amazon's at $2.2 trillion. OpenAI announced plans to move its digital identity project, World, to the US after facing legal actions in 12 countries.
