Crypto Market Takes Flight: May 8 Surge

The global cryptocurrency market has made headlines by soaring 2.5% on May 8, lifting its total valuation above $3 trillion for the first time in months. Fueled by the U.S. Federal Reserve's decision to maintain steady interest rates amid stagflation worries, Bitcoin's allure as "digital gold" has been reinforced. Economic uncertainties spur investors to seek shelter in crypto. Moreover, anticipation of a US-UK trade deal underpins optimism, hinting at reducing trade tensions. As both economic and political landscapes shift, we're observing a changing sentiment towards cryptocurrencies.