💰 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
BTC market data support strong
Brothers, although the price of BTC has experienced some retracement, its key support level still shows strong resilience. From a technical analysis perspective, the market data structure of BTC has not been broken, which indicates that the market still has confidence in the fundamentals and long-term value of BTC.
Institutional funds continue to flow in
MicroStrategy's buying behavior
MicroStrategy purchased a large amount of BTC throughout 2024, accumulating nearly 250,000 coins, and continues to make purchases recently. This continued buying behavior demonstrates the company's strong confidence in the long-term value of BTC and sends a positive signal to the market.
ETF fund inflow situation
From the ETF data, the amount of BTC inflows in the past month reached 50,000 coins, and the total purchase volume for the entire year of 2024 exceeded 500,000 coins. This indicates that institutional investors are increasingly interested in investing in BTC through ETFs, which provide a compliant and convenient way, and provide strong financial support for the BTC market. #市场触底了吗？# #百万 $ANLOG Launchpool挖矿进行中# #BTC# #ETH# #GateioInto11#