A Crypto Trader, Who Remains Anonymous, Purchased Trillions of a Meme Coin on UniSwap for $263 Three Weeks Ago and Currently Holds Around $9 Million Worth of PEPE, Despite Selling Millions of Dollars Worth Earlier, as Per Arkham Blockchain Platform Data.
Providing a broader perspective on today's crypto market developments, here are the most recent price movements as of May 5th, 2023.
The jobless rate dropped to 3.4%, defying expectations of a slight increase to 3.6%.
According to the report, the surge of 76% in Bitcoin's value this year seems to have been fueled by purchases from individual or non-professional investors.
While not fitting the typical textbook definition of a head and shoulders pattern, the behavior of Bitcoin's price since March 19th has featured a notable peak followed by progressively lower highs, as noted by Valkyrie's analysts.
Bitcoin remained stable on Thursday following a minor decline, while Ether also traded within a narrow range.
The market capitalization of the tokens soared to almost $900 million, fueled by an unending frenzy.
After a slightly higher than expected jobless claims report, the top two cryptocurrencies by market capitalization remained relatively stable, indicating a minor cooling in the job market.
BTC saw a slight decrease of approximately 1% following the announcement of a 25 basis point increase in the federal funds rate by the U.S. central bank. Fed Chair Jerome Powell mentioned that the central bank had removed any indications of further rate hikes during upcoming meetings.
Putting today's crypto market price fluctuations into perspective as of May 3, 2023.