May 6–7: The Crypto Rollercoaster! Key Events That Shook the Market
📌 What Went Down:
1️⃣ Fed Rate Decision (May 7):
Dovish signals → Markets priced in 2024 rate cuts → BTC jumped 5% (testing $65K).
Altcoins surged: ETH (+9%), SOL (+14%), PEPE (+28%).
2️⃣ Hong Kong Spot ETFs Flopped (May 6):
First-day volume **just 11M∗∗vs.USETFs’11M∗∗vs.USETFs’4.6B debut.
BTC dipped briefly but recovered on US institutional demand.
3️⃣ Vitalik’s Ethereum Proposal (May 6):
Plan to simplify PoS and reduce node costs → ETH rallied.
4️⃣ Memecoin Mania:
$GME (GameStop) pumped 300% after Roaring Kitty’s return (May 6).
$PEPE hit ATH amid whale accumulation.
📊 Image Suggestion:
Collage of: Fed headline + Hong Kong ETF chart + PEPE/GME price spikes.
Text overlay: "May 6–7: Fed, ETFs, and Memecoins Move Crypto!"
👇 Engage:
Did you buy the dip or chase the pump? Comment your plays! ⬇️
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