$BTC 2024.5.7 News summary:
Affected by wars in some regions yesterday, Bitcoin fell directly from a high of 65,500 to a low of 62,700, and Ethereum also fell from 3,200 to around 3,050. Other altcoins were fine and did not fall much. The panic was fine, not as serious as the last time. The bull market is still there in the short term and has rebounded. Various good news has come today!
① According to Lookonchain monitoring, on May 6, 9 US spot Bitcoin ETFs increased their holdings by a total of 3,710 Bitcoins, worth approximately US$236 million. (It is still in a net inflow state, of which Grayscale has achieved two net inflows)
② The US SEC postponed the decision on the Invesco Galaxy Ethereum spot ETF application (Bitcoin was also approved after multiple rejections)
③ Asset management giant HighTower has purchased more than 68 million US dollars of Bitcoin spot ETF
There is no need to panic, continue to be bullish, now it should be a small correction, there is no panic selling at all, and it will not be a problem to return to 65,000!
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