The crypto market is receiving frequent good news, marking another step forward in the process of mainstreaming.
Recently, good news has been pouring in from the crypto market.
On the macro front, China and the United States have reached a tariff truce agreement, leading to a rise in the global financial markets. Although Bitcoin has experienced a pullback after the expected realization, the altcoin market is showing a vigorous development trend. Ethereum leads the way, reaching 2700 USD, and the DeFi sector is rising across the board, sparking market expectations for the return of the altcoin season.
In addition to the improvement of the macro environment, new development opportunities have also emerged within the industry. On May 13, S&P Dow Jones Indices announced that the largest crypto market in the United States will be included in the S&P 500 index, replacing Discover Financial Services, which is set to be acquired. This change will take effect before trading begins on May 19.
This marks a breakthrough milestone for the encryption industry in the mainstream market, ushering in a new era for the industry.