Since the adoption of spot Bitcoin ETFs, selling from Grayscale has been suppressing inflows. However, on May 4, Grayscale spot Bitcoin ETFs closed the day in positive territory for the first time.
The Dogecoin community's posts on social media created excitement. The community shared posts claiming that Dogecoin is among Tesla's payment methods. It turned out that the source of these posts was the inclusion of a question about Dogecoin in the “Frequently Asked Questions” section on the website. Dogecoin price increased by nearly 20% with the rumors. After the price increase, it was revealed that the claims about being among the payment methods were made with visuals from 2022. On the other hand, it is said that it has not been added to the “Frequently Asked Questions” section.
At the time of writing, Bitcoin (BTC) is trading at $64,165 and Ethereum (ETH) is trading at $3,162.
The fear and greed index is neutral at “58”.
Important developments for the day:
General Market Event: “Dubai Fintech Summit” event will take place.
Space ID (ID): Snapshot will be taken for Cyber Airdrop.
