According to BlockBeats, major cryptocurrencies experienced slight increases on Thursday, August 8, following the news that Ripple Labs Inc. was fined $125 million. This outcome is viewed by the company as a victory against the U.S. Securities and Exchange Commission (SEC).
Bitcoin rose by as much as 4.5%, surpassing $57,600, while Ethereum, the second-largest cryptocurrency by market capitalization, saw an increase of nearly 5%. Despite these gains, both tokens remain significantly below their levels from a week ago.
At the same time, global stock markets faced intensified sell-offs, reflecting concerns over economic prospects and tensions in the Middle East. Additionally, there are fears that heavy investments in artificial intelligence may not yield the expected returns.
