Crypto Weekly Recap: What Happened This Week in The Market
The start of May marked yet another eventful week for cryptocurrencies. Overall, digital assets saw a net-positive 7-day timeframe, with Bitcoin continuing to go up while the total cryptocurrency market capitalization surpassed the $3 trillion mark for the first time since February.
Monday – Bitcoin Price ($93,636)
The week started off with reports of a major hacking incident, where an alleged “Bitcoin O.G.” —meaning someone who was holding $BTC for years—lost $330 million in Bitcoin, marking one of the largest non-institutional crypto heists in history.
Later that same day, Coinbase unveiled an exciting new Bitcoin Yield Fund (CBYF), designed to provide institutional investors with passive returns on their…
