Crypto market soars 10% in May as Bitcoin nears record $112K, says Binance
The global cryptocurrency market posted a robust 10.3% gain in May, defying global macroeconomic uncertainty and trade policy volatility, according to a report from Binance Research.
The rally was driven by a surge in institutional participation, expanding corporate treasury holdings, and strong momentum across decentralized finance (DeFi) and stablecoins.
Bitcoin (BTC) led the charge, rising 11.1% during the month and hitting a record high of $111,970 before experiencing a modest retreat. Ethereum (ETH) recorded an even sharper recovery, jumping 43.9% in May following the successful implementation of its Pectra upgrade. The upgrade enhanced scalability, security, and developer experience, restoring long-term investor confidence in the…
