Alright, the crypto market in May was epic. Like your office after a surprise audit, a bit chaotic, a little tense, but somehow still managing to pull through with a win.
Binance Research just dropped the numbers, and yeah, the market bounced back, showing a solid 10.3% jump in total value.
Bitcoin hit a fresh all-time high, while even Ether clawed back with a 43.9% recovery. Not bad, huh?
Limbo
But have you heard about volatility? Oh, it was still hanging around like that one guy who never leaves the break room.
The culprit? Shifting U.S. trade policies throwing curveballs left and right.
Tariffs between the U.S., China, the EU, and the UK kept bouncing back and forth, a real, textbook rollercoaster of uncertainty.
One moment, a court says halt, next, the government says go ahead. It’s enough to make you want to hide under your desk.
Millions
Despite this mess, the big players didn’t back off. Institutional interest in Bitcoin surged, and around 116 public companies collectively stacked up 809,100 BTC in their treasuries.
These firms are fearing they’ll miss the boat if they don’t act now, and they’re likely right. Some even rolled out multi-million dollar plans to grab more BTC, especially as regulatory fog started to clear.
It’s like when your office finally gets a clear policy on remote work, suddenly everyone’s making moves.
But while Bitcoin remains the kingpin, some companies are playing it smart, diversifying into Ethereum, XRP, and Solana.
Nothing too crazy, just a cautious shuffle. Binance Research predicts that by 2026, corporate crypto treasuries might top 1 million BTC. That’s a lot of digital gold.
Up and down
On the other hand, the month wasn’t uniform. DeFi strutted ahead with a 19% growth, fueled by fresh products and juicy yield opportunities.
Memecoins had their moment too, rising 9.3%, because hey, who doesn’t love a good meme?
AI-related tokens and Real-World Assets nudged up by 4.7% and 3.6%, respectively. Gaming and Layer-2 projects were the wallflowers, barely moving.
And U.S. spot Bitcoin ETFs? They saw inflows of at least $5.2 billion, the biggest since November. But as the month wrapped, some nervous profit-taking kicked in, pulling out nearly $1 billion amid the macroeconomic jitters.
So, May’s crypto market was a mixed bag, an epic story with a side of caution. It’s not boring, after all, right?
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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