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.
OpenAI is looking to move into the US and set up eye-scanning Orb stations across six cities in five American states. The move follows legal actions against World in 12 countries.
Here’s May by the numbers:
Five states enact crypto-related laws in May, Texas passes Bitcoin reserve bill
In the US, cryptocurrency…
