Crypto market surges over 10% in May despite global volatility; Bitcoin hits record high of $111,970
Stablecoin activity also increased, growing by 4.5% as adoption across payment platforms widened. The total stablecoin market crossed $250 billion for the 20th consecutive month of growth.
In a similar trend, NFTs experienced a resurgence in May, with total sales volume up 22.5%. Bitcoin NFTs, including Ordinals and BRC-20 collections, also gained ground with a 14.4% rise in sales. Immutable’s “Guild of Guardians” led the charge with a 40% rise in sales volume, while collections like “Doodles” and “Good Vibes Club” also posted notable recoveries.
Meanwhile, Bitcoin spot ETFs in the U.S. recorded net inflows of $5.25 billion in May, the highest since November 2024. However, this bullish trend reversed in the final two trading…
