Crypto Market Pulse (08/05/2023) launches artificial intelligence chatbot, Amy. US Federal Reserve raises rates by 25 bps. Kingdom of Bhutan is running Bitcoin mining operations.

May 08, 2023
Crypto Market Pulse

Chart of the Week

Bitcoin Ordinals inscriptions continue to surge, making new record highs of over 4 million. Bitcoin Ordinals NFTs are minted on Bitcoin’s base layer using the Ordinal theory through the Ordinals protocol. The aim of Ordinal theory is to give each Satoshi an individual identity, allowing them to be tracked, transferred, and imbued with individual meanings through inscriptions. This allows one Satoshi to be different from another, hence non-fungible.  Want to read more? Check out our new report Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT.

Bitcoin Ordinals

Weekly Market Index

Last week’s crypto market prices were down -2.38%. Volume and volatility also dropped by -14.91% and -21.18%, respectively.

Weekly Market Index 8 May

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were down -3.8% and -1.6%, respectively, in the past seven days. Other selected top-cap tokens also dropped.

Selected Top Cap Tokens Price Change 8 May

Selected key categories were also all down in the past seven days.

Selected Categories Market Cap Change 8 May

News Highlights

Recent Research Reports

Catalyst Calendar

Blockchain Launch and Upgrades
Macroeconomic Events


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Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens