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- by economictimes.indiatimes.com
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Crypto market soars 10% in May as Bitcoin nears record $112K, says Binance
The cryptocurrency market experienced a significant surge in May, driven by institutional interest and DeFi growth, despite macroeconomic uncertainties. Bitcoin led the rally, hitting record highs, while Ethereum saw substantial gains after its Pectra upgrade. Altcoins and NFTs also saw increased activity, with corporate treasuries expanding their crypto holdings, signaling growing confidence in digital assets.