May 14, 2025

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Crypto

The S&P 500 just added this crypto stock and its shares are soaring

The addition is considered a major milestone for crypto stocks. The S&P 500 added a new member to its ranks, Coinbase Global (NASDAQ: COIN), the leading platform for cryptocurrency trading. Coinbase will start trading on the S&P 500 on May 19. It will replace Discover Financial (NYSE: DFS), the credit card company that is set

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Crypto

Why is the crypto market up today?

Bitcoin broke above $93,000 for the first time since March, with altcoins Ethereum, XRP and Solana gaining 11%, 5% and 6%, respectively. The rally has sparked increased liquidations, with short traders suffering losses of over $500 million in the past 24 hours. The major US stock indexes saw gains of over 2.5% across the board.

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