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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
- 🎯 LOT Newcomer Limited-Time Airdrop is Live!
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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!🎯 LOT Newcomer Limited-Time Airdrop is Live!
Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
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1️⃣ Create a post on Gate Post
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- 🚀 Gate Square Creator Spark Program is Live!
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
Get Token Mystery Boxes based on your Alpha Points - No points will be deducted.
📸 Alpha Points Snapshot: June 24, 16:00 (UTC)
Multi-chain trading now supported — buy on-chain assets directly with USDT!
🔗 Full details: https://www.gate.com/announcements/article/45683
Analysis: The contraction of the US GDP and the slowing of inflation may drive the Federal Reserve to cut interest rates, which could benefit Bitcoin.
According to Mars Finance, the U.S. GDP has contracted for the first time in three years, and the core PCE inflation rate has remained flat, decreasing year-on-year from 3.0% to 2.6%, alleviating inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, and market expectations for interest rate cuts are increasing, which could be favourable for alternative assets like Bitcoin, rather than the stock market. Bitcoin has risen over 13% since "Liberation Day," reaching $97,000, with a net inflow of $442 million into Spot ETFs on May 1. Douro Labs CEO Mike Cahill mentioned that if the employment data on May 2 is weak, Bitcoin's price may rise again due to expectations of interest rate cuts. (The Block)