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Cryptocurrency market overview | May 6 🟢 Market cap: $2.38 trillion (+1.60%) 🔴 BTC dominance: 53.26% (-0.28%) ⚡️ Fear and Greed Index: 71 (greed) #BTC $BTC

Cryptocurrency market overview | May 6
🟢 Market cap: $2.38 trillion (+1.60%)
🔴 BTC dominance: 53.26% (-0.28%)
⚡️ Fear and Greed Index: 71 (greed)
#BTC  $BTC 

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🚨Bloomberg ETF analyst Eric Balchunas said the SEC may reject the Ethereum spot ETF on May 23 and approval may not happen until the end of 2025. #ETHETFS #ETH $ETH

LayerZero CEO Bryan Pellegrino said that approximately 5 million addresses send only 1 transaction and between 1-5 transactions. He said the cost of approximately 4.24 million addresses was less than $10. In his previous statement, he said that out of 6 million users, 400,000 to 600,000 were real accounts. However, currently only 30 thousand addresses identify themselves as Sybil.

💫Financing rounds that took place last week:

📉The average gas fee on the Ethereum network dropped to 6 Gwei, a level not seen since January 2020. #ETH $ETH

🔥186 asset managers reported owning Bitcoin ETFs in filings with the SEC this week.

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