🎉 Gate.io Growth Points Lucky Draw Round 🔟 is Officially Live!
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1️⃣ Enter 'Post', and tap the points icon next to your avatar to enter 'Community Center'.
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⏰ Ends on May 4, 16:00 PM (UTC)
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The crypto market showed a mixed trend today, with Bitcoin slightly retreating below $94,000 after breaking through $95,000, resulting in over 110,000 liquidations and a total liquidation amount of $343 million. Nevertheless, Bitcoin has still maintained an 8.31% increase this month, in stark contrast to the U.S. stock market (with the S&P 500 falling 3.66% in the past month), highlighting its enhanced safe-haven attributes.
In terms of market hotspots, TRUMP has shown outstanding performance, surging 65% due to the "dinner together" marketing campaign, followed by a slight pullback but still maintaining a high level, reflecting the speculative enthusiasm for Meme coins. Institutional funds continue to flow into Bitcoin ETFs, with a net inflow of $917 million on April 23, driven by the allocation demand from sovereign wealth funds and large investors, supporting a long-term bullish outlook for BTC.
In the short term, Bitcoin is facing technical adjustment pressure, and if it falls below the support level of $94,000, it may drop to the range of $90,000-92,000. However, on the macro level, with the dollar index falling below 100 and the expectation of the Federal Reserve lowering interest rates increasing, it may provide liquidity support for the crypto market. Overall, the crypto market is still in a bull market cycle, but volatility is increasing, and it is advisable to seize structural opportunities.