🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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⏰ Ends on May 4, 16:00 PM (UTC)
Details: https://www.gate.io/announcements/article/44619
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The cryptocurrency market has recently shown an increase in volatility, with geopolitical risks such as the U.S. imposing reciprocal tariffs potentially triggering global economic uncertainty, affecting investor sentiment📉. Bitcoin (BTC) has surged past the $85,000 mark, with a 24-hour increase of 0.54%, but analysts have lowered their year-end expectations to $85,000 due to the "tariff turmoil". Institutional demand remains strong, highlighted by U.S. spot ETP accumulating 529,000 BTC, far exceeding mining output, indicating a long-term accumulation trend💰. The on-chain DEX trading volume on Solana reached $1.887 billion, surpassing Ethereum, showcasing its ecological competitiveness📈. The selling pressure is worth noting, as F2Pool co-founder sold 50 WBTC (about $4.21 million), and the MELANIA project party also sold 2.95 million tokens, which may exacerbate market supply. Meanwhile, a certain whale address has unrealized losses of $335,000, and potential selling risks should be monitored. Positive signals include the author of "Rich Dad Poor Dad" suggesting to increase Bitcoin holdings, Galaxy Digital withdrawing 606,000 SOL (about $79.7 million), and Japan's ANAP purchasing 16.6 BTC (about 200 million yen), reflecting accelerated institutional adoption😊. Overall, while the market faces pullback risks, institutional inflow and innovative ecology support mid-term upward potential, and investors should pay attention to risk management.💹️