🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Bitcoin has broken a record but beware: there is still no record in non-Dollar pairs! Analyst said there is an upward gap! Here are the details.
Crypto analyst Joao Wedson stated that although Bitcoin has reached its all-time high in USD terms, it has not yet reached this level in other currencies.
In a statement made through his social media account, Wedson expressed that the BTC/USD pair, which has the highest trading volume against the dollar, has set a new record, but noted that the same situation does not apply to other fiat currencies.
According to Wedson, Bitcoin needs to rise at the following rates to set a record against other major currencies:
Wedson stated that these differences clearly demonstrate the impact of exchange rates on the crypto market. "When we look beyond the dollar, we still see a significant upward space. However, this also indicates that new resistance levels may form," he said.
Additionally, Wedson pointed out some advantages that most investors are not aware of: "Bitcoin pairs traded with currencies like the euro and ruble may offer higher statistical asymmetry compared to the dollar pair. However, this situation is not widely discussed in the market."