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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
🎁 4 winners split $100 Futures Voucher! - 📢 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
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🎁 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 - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Bitcoin drops below $100,000 as Powell rejects BTC Reserve plan
Bitcoin dropped below $100,000 on Wednesday night, down 6% in 24 hours and trading at $99,047.7, following comments from US Federal Reserve Chairman Jerome Powell. Powell has rejected the idea of the United States establishing a national Bitcoin reserve fund, stating that the central bank "is not seeking a change in the law" and is not allowed to hold Bitcoin. This has led to a sharp correction after Bitcoin surged to a new record high of $108,000 earlier this week. Please provide the text to be translated. The impact is felt across the entire market, with major altcoins also experiencing significant losses. Ethereum (ETH) is down 6.5% and XRP is down 12.64%. The GMCI 30 index, which tracks the performance of top cryptocurrencies, has decreased by 7.18% in the past day. The recent price increase of Bitcoin has been driven by comments from US President-elect Donald Trump on creating a national Bitcoin reserve fund. Some states, including Texas and Florida, have also seen efforts to build state-backed Bitcoin reserves, fueling market optimism. Despite the cryptocurrency market downturn, Powell's comments are just part of a larger economic picture. The US Federal Reserve's decision to cut interest rates by 25 basis points on Wednesday, while signaling fewer cuts in 2024, has contributed to the market downturn. With the ongoing instability, many people are closely monitoring how the market will react to political and economic changes in the coming months. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)