💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Bitcoin Inches Closer to $100,000 Amid $3.12 Trillion Crypto Market Surge
Bitcoin (BTC) is steadily approaching the highly anticipated $100,000 mark, buoyed by a significant surge in the overall cryptocurrency market capitalization, which has now reached $3.12 trillion. This milestone reflects growing investor confidence and substantial capital inflows into the digital asset space.
Bitcoin's Continued Ascent
Bitcoin's price continues its upward trajectory, fueled by a combination of institutional adoption, increasing mainstream awareness, and its perceived role as a store of value. The proximity to the $100,000 level has generated considerable excitement among traders and investors.
Broader Crypto Market Strength
The impressive $3.12 trillion market capitalization underscores the strength and maturity of the wider cryptocurrency market. This growth is driven by gains across various sectors, including layer-1 protocols, decentralized finance (DeFi), and meme coins, indicating broad-based investor interest.
Traders Eyeing Key Levels
As Bitcoin edges closer to the $100,000 psychological barrier, traders are keenly observing key resistance levels. A successful break above this milestone could trigger further bullish momentum, while failure to overcome it might lead to a period of consolidation or correction.