🔼 Top Gainers
- Polygon (MATIC): Up 18% amid growing adoption in the Web3 ecosystem.
- Solana (SOL): Gained 12% driven by renewed developer interest and NFT growth.
- Avalanche (AVAX): Increased by 10% following the launch of new DeFi protocols.
- Quant (QNT): Surged 16%, emerging as the week’s surprise winner.
🔻 Top Losers
- Shiba Inu (SHIB): Dropped 15% as meme coin hype cooled off.
- Dogecoin (DOGE): Fell 11% despite recent celebrity endorsements.
- Pepe (PEPE): Declined 9% as speculative trading lost steam.
- TRUMP Coin: Down 14.4% after a significant price run-up the previous week.
📰 Major News & Developments
- Coinbase Joins S&P 500: In a landmark move, Coinbase Global was added to the S&P 500 index on May 19, 2025. The announcement led to a 24% surge in its stock price, reflecting growing institutional acceptance of cryptocurrencies.
- Bitcoin’s Performance: Bitcoin (BTC) traded around $105,000, marking a 10% year-to-date increase. However, it experienced a slight pullback to approximately $101,788 due to profit-taking and cautious market sentiment ahead of U.S. inflation data.
- Ethereum’s Momentum: Ethereum (ETH) reached $2,400 after a 50% rise over the past month, leading the current bull run.
- Regulatory Landscape: The U.S. SEC signaled plans to create new rules for crypto tokens, aiming to provide clearer guidelines for the industry.
📊 Market Overview
The total cryptocurrency market capitalization rose by 2.7%, reaching $3.38 trillion—the highest since early February.
Bitcoin’s dominance remained strong at 50%, indicating investor preference for stability amid economic uncertainty.
🔮 Looking Ahead
- Ethereum Upgrade: Scheduled for late Q2 2025, aiming to enhance scalability and reduce fees.
- Bitcoin Halving Countdown: Now less than 12 months away, potentially impacting BTC supply dynamics.
- Global Crypto Regulation Updates: Investors should monitor major announcements from the U.S., EU, and Asian markets.
