📰 What you need to know this Tuesday, May 6
📥 Inflows of $425.45M are recorded into BTC ETFs.
The largest inflow was in Blackrock’s IBIT ETF with an amount of $531.18M, while the ETH ETF had a neutral balance with no recorded movement.
🇺🇸 There are low expectations regarding a possible interest rate cut by the FED.
A decrease in interest rates would ignite interest in risk assets, such as cryptocurrencies.
📑 The trading platform eToro has submitted its applications to go public in the U.S., aiming for a valuation of up to $4 billion and seeking to raise $500 million through a listing on Nasdaq under the symbol "ETOR".
🇬🇧 The UK Treasury’s economic secretary, Emma Reynolds, rules out a national Bitcoin reserve, stating it is “not appropriate for our market.”
⚠️ In the last 24 hours, 111,271 traders were liquidated, with total liquidations reaching $206.69 million.
The largest individual liquidation order occurred on Binance - BTCUSDT for a value of $2.82M.