Crypto Compass by BitcoinWalletSG #121

Bitcoin Breaks $100K 🚀 ? Read it in our weekly newsletter now!

Author

BitcoinWallet SG
May 13, 2025

Hello Fam,

The recent thaw in US-China trade tensions marks a significant shift in the global economic landscape, providing a sense of relief to markets. As both superpowers move towards more cooperative terms, the reduced geopolitical risk is fostering renewed confidence among investors. For the crypto industry, this improved sentiment could translate into increased capital flows, particularly as Bitcoin and other digital assets are increasingly seen as risk on instruments.

🚀 Bitcoin Breaks $100K

Bitcoin surged past $100,000, driven by strong institutional inflows from BlackRock and Fidelity. The Federal Reserve's decision to maintain interest rates and easing U.S.-China tariff tensions boosted market sentiment. Analysts expect continued bullish momentum as macro conditions remain favorable.

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📉 Fed Holds Rates Steady Amid Inflation and Tariff Concerns

The U.S. Federal Reserve maintained its benchmark interest rate at 4.25–4.5%, citing heightened risks of inflation and unemployment due to recent tariffs imposed by President Trump. Fed Chair Jerome Powell emphasized the need for decisive evidence of labor market weakening before considering rate cuts. Markets now anticipate the first rate cut in September.

📈 Coinbase to Join S&P 500

Coinbase will be added to the S&P 500 on May 19, replacing Discover Financial amid its acquisition by Capital One. The announcement led to an 11% surge in Coinbase's stock during after-hours trading. This inclusion marks a significant milestone for the crypto industry, reflecting its growing integration into mainstream finance.

💳 Visa Invests in Stablecoin Platform BVNK

Visa has made a strategic investment in London-based startup BVNK, signaling continued interest in digital asset innovation. BVNK focuses on stablecoin payment infrastructure, aiming to redefine how businesses operate in today's digital economy. The partnership emphasizes Visa's commitment to exploring the future of commerce and enhancing global payment networks.

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