Crypto Market Flourishes in May: Bitcoin Hits New All-Time Highs, Coinbase Joins S&P 500

May proved to be a significant month for the cryptocurrency market. Bitcoin’s price soared past $111,000, driven by factors including U.S.-China tariff relief and growing adoption of DeFi applications. Notably, Coinbase, a major crypto exchange, was added to the S&P 500 index, marking a historic milestone for the industry. This came amid several regulatory developments that pushed crypto closer to mainstream finance.