🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
#八月市场震荡不休,九月行情怎么看?# #币圈观察员# Analysts warn of possible further decline
Bitcoin (BTC) recently dropped below $59,000, attracting market attention. A variety of factors contributed to this decline. The recent cryptocurrency crash, increased regulatory scrutiny, and reduced institutional interest are all factors leading to the downward trend of Bitcoin. These issues have led to a decrease in hashrate and Bitcoin demand, further increasing pressure on its price.
Especially considering the upcoming announcements from tech giants like NVIDIA.
Income and expected US PCE inflation data.
Despite the current decline, some forecasters believe that if Bitcoin breaks through the key resistance level, it may rise to
$65,000. According to CoinMarketCap's data, the current price of Bitcoin is $60,446. It has risen by 0.83% in the past 24 hours and fallen by 1.34% in the past week. Due to the continued caution of traders, this has affected the performance of Bitcoin (BTC), and the market is waiting for clarification on these developments. A significant decrease in Bitcoin futures open interest coincides with a surge in volume, indicating increased volatility. According to analysts at Bitwise, if Bitcoin does not rebound to $61,000, it could fall to $48,000 with no temporary support.