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- ๐ฅ Gate Post Ambassador Exclusive Posting Reward Task Is On!
๐ Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
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Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
โจ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
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- ๐ต #Altcoin Season Index Hits 24#
CoinMarketCap data shows the altcoin season index has climbed to 24, up 2 points from yesterday. Among the top 100 projects by market cap, about 24 have outperformed BTC over the past 90 days. Do you think the altcoin season is true here? Which sectors do you expect to lead the charge? Share your predictions!
๐ต #Saylor Hints at More BTC Buying#
Michael Saylor, founder of Strategy, recently released new Bitcoin Tracker updates. Historically, Strategy tends to disclose BTC accumulation the day after such announcements.
Whatโs your takeโwill they increase thei - ๐ต #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
๐ต #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Letโs hear your thoughts! - ๐ Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
๐ Event Duration:
May 16, 2025, 8:00 AM โ May 23, 2025, 06:00 PM UTC
๐ฏ How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related โ here are some ideas:
๐น Commemorative:
Look back on the iconic โ10,000 BTC for two pizzasโ story or share your own memories with BTC.
๐น Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Friday, February 9, 2024 ๐๏ธ
Bitcoin continued its upward trajectory ๐, not only solidifying its position above $45,200 but also setting a new local high at $46,384, with its current value hovering around $46,000. The market capitalization stands at $1.696 trillion, marking Bitcoin's dominance index at 53.3%โa peak not seen since January 9 ๐.
After breaking free from its previous range, Bitcoin's ascent persists. The flagship cryptocurrency has revisited the levels preceding the fall triggered by the ETF hype. Following a brief surge above $48,000, the price dipped back into the $46,000 - $47,000 zone before taking a sharper decline.
From the year's outset, the narrative unfolded with an initial surge fueled by the anticipation of BTC-ETF approvals. This was succeeded by a downturn post the Bitcoin ETF endorsement, leading to 10 days of accumulation within the $42,000 - $43,500 bracket. Subsequently, a breakout occurred, paving the way for organic growthโa sequence meticulously outlined in an article from December 5.
Yesterday saw the Bitcoin ETF concluding the day with a 2.7% increase. Notably, Bitcoin's climb to $46,000 coincided with the post-closure of the BTC-ETF, hinting at a pattern where the IBIT price seeks to align with spot prices, thereby fostering Bitcoin's spot market growth today. This strategy appears promising ๐.
However, the journey ahead faces the formidable $48,000 threshold. A level from which January witnessed a retreat to $38,500, and in spring 2022, following a failed attempt to anchor above $48,000, the descent was even steeper.
This scenario, however, differs, yet for a transition towards sustained medium-term growth, aiming for the year's objectives ($50,000+ and ATH), a confident consolidation of Bitcoin above $48,000 is crucial, alongside a cryptocurrency market capitalization exceeding $2 trillion.
These goals are well within reach and may be realized soon. Nonetheless, should the route to these milestones involve a detour through another drop below $45,000, the ultimate outcome remains unaltered.
Currently, altcoins exhibit a lackluster performance; Ethereum struggles to maintain a stance above $2,460, as Bitcoin's dominance index climbs. In the last 24 hours, DYM, BTT, STX showcased growth, with the rest nearly stagnant. This scenario may present a golden opportunity for those who delayed their Bitcoin investment in anticipation of lower prices.
Should Ethereum secure a position above $2,500, particularly if Bitcoin surpasses the $48,000 mark, a significant uptrend across the market is anticipated.