********NEWS ******
📉 Market in decline
Drops in May: The crypto market experienced drops of up to 15% in May. Bitcoin lost 7.5%, while altcoins like Avalanche, Shiba Inu, and Dogecoin recorded declines exceeding 10%. Economic uncertainty and potential rate hikes by the Federal Reserve contributed to this trend.
Outlook for the second half: Despite the drops, some investors expect a rebound in the second half of 2025, with Bitcoin reaching between $100,000 and $150,000 and Solana surpassing $600.
🌐 Highlights
$LIBRA in Argentina: President Javier Milei promoted the cryptocurrency $LIBRA, aimed at stimulating investment in small Argentine businesses. However, after a speculative increase in its value, the project faced allegations of alleged fraud and scam.
----El Salvador abandons Bitcoin as legal tender: Less than four years after being the first country to adopt it, El Salvador has reformed its Bitcoin Law, eliminating the requirement to accept payments in BTC starting April 1, 2025.