BlockBriefly

Date: May 12, 2024

Market Cap 24h Change: 0.11%

Reason:

The market has been largely stable over the last 24 hours.

Date: May 10, 2024

Market Cap 24h Change: -2.82%

Reason:

The market has been down by -2.82% but the reason is not clear.

Date: May 8, 2024

Market Cap 24h Change: -2.75%

Reason:

The market has been down by -2.75% but the reason is not clear.

Date: May 6, 2024

Market Cap 24h Change: -0.33%

Reason:

The market has been down by -0.33% but the reason is not clear.

Date: May 4, 2024

Market Cap 24h Change: 1.31%

Reason:

The market has been up by 1.31% because of several developments. The news articles indicate growing anticipation around the approval of Bitcoin ETFs, which may have sparked investor confidence. This optimism can be seen in articles such as 'The rise of Bitcoin ETFs and future market implications', '‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval on Friday', 'Spot Bitcoin ETF capital: Could funds potentially buy up all BTC in circulation?', and 'Crypto traders gamble $1.5M on Bitcoin ETF approval results'. Additionally, Grayscale's Bitcoin ETF, after encountering billions in losses since January, witnessed its first inflow as per 'Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January'. This suggests a revival of investor interest in the space. However, these reasons are primarily speculative, with unseen factors potentially also contributing to the current market movements.