$SUI Token Launches and $BUSD hits Record Low in Activity
May 3, 2023
Prices slid lower this morning ahead of the Fed’s FOMC meeting at 2 pm ET before bouncing back after the Fed’s interest rate decision of 25bps was released. Bitcoin and Ethereum are up 0.23% and 0.82%, respectively, while most altcoins are down. ARB is down 1.69%, SOL is down 2.13%, and LDO is down 3.72%. An exception to this is Bitcoin layer 2 blockchain, STX, which is up 5.28% as transactions on Bitcoin hit all-time highs due to Ordinal and BRC-20 activity picking up, which we discuss in more detail below. Traditional markets are up slightly – SPX is up 0.30%, and NDQ is up 0.30%. The dollar (DXY) is continuing its move lower, down 0.58%.