💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
The market continues to fluctuate within a range, and you can set up a neutral contract grid for BTCUSDT.
The current fundamentals are: the Federal Reserve's interest rates are high, the highest they have been in the last ten years, and this period of high rates has lasted the longest; meanwhile, the balance sheet reduction has not stopped, and there is still a lack of liquidity in the market. In the short term, the market is primarily in a range-bound fluctuation, so a contract grid strategy can be used.
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