Bitcoin all-time high and Coinbase in S&P 500: May in Charts
The post Bitcoin all-time high and Coinbase in S&P 500: May in Charts appeared on BitcoinEthereumNews.com. May saw bullish momentum in crypto markets as Bitcoin (BTC) reached a new all-time high above $111,000 and Coinbase joined the S&P 500. Markets could breathe a sigh of relief when, on May 12, US President Donald Trump reached a trade deal with China, putting a 90-day hold on tariffs that had markets in a tailspin. The news saw BTC price hit $105,000, a three-month high, before tipping down to $102,000. On the policy front, five US states enacted new Bitcoin laws. Texas established the long-awaited state Bitcoin reserve. In Alabama, an effort to exempt crypto from certain forms of taxation was indefinitely postponed. OpenAI is looking to move into the US and set up eye-scanning Orb stations across six cities in five American states. The move follows legal actions against World in 12 countries. Here’s May by the numbers: Five states enact crypto-related laws in May, Texas passes Bitcoin reserve bill In the US, cryptocurrency legislation is moving ahead on multiple fronts, with five states passing or enacting cryptocurrency-related bills. In Texas, the state passed a bill that establishes a state Bitcoin (BTC) reserve. New Hampshire made a similar move, enabling the state treasurer to invest in public funds containing precious metals and digital assets like Bitcoin with the passage of HB302. In Arizona, the newly formed Bitcoin and Digital Assets Reserve Fund will hold unclaimed digital assets. The state of Arizona can now claim ownership of abandoned digital assets if the owner fails to respond to contact attempts for three years. The state can also stake the assets in the fund to earn airdrops and rewards. In Nebraska, public power utilities now have some authority over Bitcoin miners. LB526, which passed in final reading on May 14, allows them to require Bitcoin miners using 1 megawatt or more…
The post Bitcoin all-time high and Coinbase in S&P 500: May in Charts appeared on BitcoinEthereumNews.com.
May saw bullish momentum in crypto markets as Bitcoin (BTC) reached a new all-time high above $111,000 and Coinbase joined the S&P 500. Markets could breathe a sigh of relief when, on May 12, US President Donald Trump reached a trade deal with China, putting a 90-day hold on tariffs that had markets in a tailspin. The news saw BTC price hit $105,000, a three-month high, before tipping down to $102,000. On the policy front, five US states enacted new Bitcoin laws. Texas established the long-awaited state Bitcoin reserve. In Alabama, an effort to exempt crypto from certain forms of taxation was indefinitely postponed. OpenAI is looking to move into the US and set up eye-scanning Orb stations across six cities in five American states. The move follows legal actions against World in 12 countries. Here’s May by the numbers: Five states enact crypto-related laws in May, Texas passes Bitcoin reserve bill In the US, cryptocurrency legislation is moving ahead on multiple fronts, with five states passing or enacting cryptocurrency-related bills. In Texas, the state passed a bill that establishes a state Bitcoin (BTC) reserve. New Hampshire made a similar move, enabling the state treasurer to invest in public funds containing precious metals and digital assets like Bitcoin with the passage of HB302. In Arizona, the newly formed Bitcoin and Digital Assets Reserve Fund will hold unclaimed digital assets. The state of Arizona can now claim ownership of abandoned digital assets if the owner fails to respond to contact attempts for three years. The state can also stake the assets in the fund to earn airdrops and rewards. In Nebraska, public power utilities now have some authority over Bitcoin miners. LB526, which passed in final reading on May 14, allows them to require Bitcoin miners using 1 megawatt or more…
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