May 2025 turned out to be an eventful month for the cryptocurrency market. Bitcoin reached a new all-time high, surpassing $112,000, solidifying its status as "digital gold" amid global trade tensions. Ethereum, despite the overall market downturn, dropped below $2,400, though analysts see it as an investment opportunity. XRP saw a rise in open interest, reaching $5 billion, indicating heightened attention. However, the market remained volatile, with Bitcoin, Ethereum, and Dogecoin declining toward the month's end due to a drop in stock indices following trade tariff announcements. India softened its tax regime for cryptocurrencies, boosting trading activity, especially for XRP. Google also began reassessing quantum risks to cryptography, which could impact the future security of blockchains.

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