📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The crypto assets market welcomed an exciting pump on Monday, with the overall market capitalization surpassing the important threshold of 4 trillion dollars. The main driving force behind this rise comes from Bitcoin, whose price has climbed to over 121,500 dollars. Market analysts believe that this surge may be influenced by the dual favourable information of potential interest rate cuts in the United States and large-scale purchases by institutional investors.
Ethereum also performed well, with the price breaking through $4300, achieving a weekly rise of 22%. Technical analysis shows that Ethereum's current trend is strong, and if it can break through the key resistance level of $4094, it is expected to further develop towards the range of $4500 to $5000.
XRP has stabilized around $3.26, benefiting from the Favourable Information of the U.S. Securities and Exchange Commission (SEC) withdrawing its lawsuit, which has boosted investor confidence. However, market enthusiasm is slightly constrained as BlackRock has not yet submitted an ETF application for XRP.
The price of Solana (SOL) is approaching $184. Although there are still some concerns regarding its infrastructure, the project continues to receive attention on a technical level, which provides sustained momentum for its price rise.
Overall, the crypto assets market is showing strong upward momentum, with all major coins experiencing varying degrees of growth. However, investors still need to be wary of the market's high volatility and closely monitor changes in global economic policies and regulatory environments.