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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
: A "Roller Coast" After the Liquidity Shock
The Bitcoin market is experiencing extremely volatile hours, marking its lowest point since the US election more than a year ago.
24-hour volatility: BTC witnessed a fierce sell-off from a high of $79,180, plummeting to the $72,900 region before a slight recovery.
Opening price this morning: BTC started the day at $75,770. The fact that the price held above $75,000 after the sharp drop shows that "bottom-buying" is still present, but market sentiment remains extremely cautious (fear).
Cause: Pressure from new tariff announcements and personnel changes at the Fed (the nomination of Kevin Warsh as Fed Chairman) triggered a wave of liquidation of leveraged positions worth billions of dollars.
🔷 Ethereum (ETH) and Altcoins: Under Common Pressure
Ethereum: ETH is currently trading above $2,250. Compared to BTC's recovery, ETH is somewhat slower as money is prioritizing safe haven assets with the highest liquidity.
Trend: Most top Altcoins have fallen by 5-10% in the last 24 hours, following in the footsteps of "big brother" Bitcoin.
#SachtonyMartket #BTC #ETH #GT #ICP