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⏰ Commitment Time: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💰 Total Allocation: 10,000,000 #PFVS#
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Learn More: https://www.gate.io/article/44878
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1. Multiple states in the U.S. may initiate a crypto reserve competition
2. The U.S. has reached trade agreements with multiple countries, easing trade tensions
3. The vote on the stablecoin bill is imminent, with many giants entering the stablecoin market
4. SEC and Ripple reach a settlement
5. SEC considers establishing new rules to relax securities token issuance
6. Concerns about stagflation may be beneficial for Crypto Assets
7. Ethereum's Pectra upgrade causes Ether to rise sharply, driving the entire crypto market to big pump.
8. The driving force behind it all comes from "Trump"
This week, Bitcoin experienced a big pump, especially after breaking through the 100,000 mark, with long positions rushing towards the 105,000 level. If this momentum continues, there is hope for new highs, but after a big pump, one must also guard against the risks brought by pressure and pullback.