Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9. On May 9, Coinbase saw 9,739 Bitcoin (BTC),

The crypto rally has more room to run, but a short-term pullback is likely before new all-time highs, analysts said.

Coinbase joins the S&P 500, bringing nearly $1B in Bitcoin onto the world’s most tracked index—and marking a turning point for corporate Bitcoin treasury strategy.

Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.

Bitcoin price surges above $104K as April CPI cools to 2.3%, boosting Fed rate-cut bets and fueling bullish market sentiment. Bitcoin Rises Above $104K as

Coinbase’s addition is a landmark moment for crypto, marking increased acceptance by traditional finance. The relief is one of the daily re-shuffle by S&P Dow Jones Indices, which chose Coinbase to replace Discover Financial Services — whose junking comes after Capital One’s$ 35.3 billion accession, closing on May 18, 2025.

Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.

Coinbase joins the S&P 500, marking a milestone for Bitcoin, further highlighting Bitcoin’s strong performance, outperforming gold and the S&P 500 over the years.

Even as the top digital asset dips below $104K, crypto-linked equities—including Coinbase, Robinhood, and major miners—are flashing green.