🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
#Do you think the fall of Bitcoin from ATH is a normal retracement?#
Concern about the increase in debt and government spending in the USA
CME Group predicted the third reason for the increase in Bitcoin as the accelerating national debt and excessive government spending in the USA. While the national debt stock in the country exceeds 34 trillion dollars, it is claimed that Bitcoin sensitivity in the market increased as Fed Chairman Powell stated that this was unsustainable.
Analysts also emphasized that a situation similar to gold being seen as a safe haven in times of increased global concerns could also apply to Bitcoin. It was claimed that the upward trend in gold, which started in the last quarter of 2022, supported the upward trend in Bitcoin. #GateioBountyCreator#
CME Group launched Bitcoin futures contracts in 2017. The company, which demonstrated its belief in crypto money at that time, made a significant contribution to the adoption of crypto money by launching Bitcoin futures options in 2020.
#NewYear2024# #GateioBountyCreator#