EconoTicker

Bitcoin continued to hover near record levels, supported by institutional inflows and global macro uncertainty, as investors sought decentralized hedges amid rising fiscal and geopolitical risks.

Ethereum and altcoins saw mixed performance, with pockets of strength in DeFi and AI-linked tokens, though broader market rotation hinted at selective risk appetite.

Market impact: Bullish tone persists for BTC, while sector rotation suggests consolidation across the broader crypto market ahead of key macro catalysts.

The crypto market saw mixed moves in the past 24 hours. PancakeSwap (CAKE) surged ~25.5%, leading the day’s gains on strong trading momentum. On the downside, SuperVerse (SUPER) fell ~10.0%, making it the session’s biggest loser.

Meanwhile, Bitcoin (BTC) and Ethereum (ETH) posted moderate positive gains, reflecting cautious optimism across major tokens.

Market takeaway: Altcoins drove volatility today, while majors remained stable, suggesting selective risk appetite among traders.

On May 12, 2025, S&P Dow Jones Indices announced that Coinbase Global (COIN) will be added to the S&P 500 before markets open on May 19, replacing Discover Financial Services following its acquisition by Capital One. This marks a historic milestone as Coinbase becomes the first and only cryptocurrency company to join the benchmark index, underscoring the growing integration of digital-asset firms into mainstream finance. Following the announcement, Coinbase shares surged over 9% in after-hours trading, reflecting strong investor demand.

The U.S. Federal Reserve has revoked two regulatory letters from 2022 and 2023, eliminating the previous requirement for banks to notify or seek approval before engaging in cryptocurrency and dollar-token activities.

Banks can now operate in these sectors under existing supervisory frameworks without separate disclosure, simplifying their entry into digital asset markets.

For the first time, the value of a single Bitcoin surpassed the price of one kilogram of gold.