The Fed's policy decisions, heavily influenced by monthly U.S. inflation readings, can significantly affect both cryptocurrency and traditional markets.
Although the token recorded an 11% increase during the day, experts predict that the cryptocurrency's ability to maintain its upward momentum may not last.
In the end, the maneuver paid off as the entity is now enjoying a substantial profit of several hundred thousand dollars.
The increasing difference in Bitcoin's price between Binance's U.S. branch and its global counterparts is causing concern among some observers who fear potential legal actions taken against the unit.
Despite a price drop on Monday, Ether's deflationary narrative remains intact. Several top crypto assets experienced a decline in trading value during the same period.
Putting May 8, 2023 Crypto Market Price Fluctuations into Perspective.
Some investors have transformed their spare change into significant wealth by investing in pepe at its inception.
PLUS: Although Bitcoin maximalists may find Ordinals irritating, in the long term, they can actually benefit the network.
Although the largest cryptocurrency exchange in the world has resumed withdrawals, issues persist with the Bitcoin protocol.
CoinDesk has made efforts to contact both Binance and the Justice Department in order to obtain their respective comments.