The global crypto market rallied 10.3% in May despite macroeconomic headwinds and trade uncertainties, driven by growing institutional interest, rising corporate treasury allocations, and strong momentum in DeFi and stablecoins, according to Binance Research.
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Bitcoin rose 11.1% to a record high of $111,970 before easing slightly, while Ethereum jumped 43.9% following the successful rollout of its Pectra upgrade, which improved scalability, security, and developer support—reigniting investor confidence in the platform.
