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CoinRank News: According to BitMarts market report on May 6, the total market value of the cryptocurrency market is 2.92 trillion US dollars, down 0.38% from the previous day. BTC fell slightly, and BTC ETF achieved large net inflows for two consecutive weeks; ETH still remained above $1,800, and ETHs market share was temporarily reported at 7.4%. In the short term, ETH has no independent market performance opportunities; the comprehensive long-short ratio is 0.97, and the short side is at a 24-hour minimum; altcoins generally pulled back, the market lacks fresh narratives, and the old stories are gradually falsified by the market; Meme sectors CHILLGUY, POPCAT, MOG, etc. rose. Compared with low-circulation and high-FDV tokens, fully circulated meme coins are more favored by market funds.
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