💰 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
#TopContentChallenge#
As of January 3, 2025, Bitcoin has shown positive momentum, currently trading around $96,700, marking a 1.23% gain from its previous close. Earlier in the day, Bitcoin briefly touched a high of $97,822 after hovering below $95,000 for over a week.
The recent surge is attributed to increased institutional interest and growing optimism regarding regulatory developments. With broader market sentiment improving, Bitcoin has managed to break through key resistance levels.
Despite the bullish outlook, many analysts caution against potential short-term corrections due to historical volatility patterns following sharp price increases. Long-term projections remain varied, with optimistic targets suggesting a rise toward $150,000 to $225,000 by year-end.
Overall, Bitcoin continues to demonstrate resilience amid market fluctuations, with investors closely monitoring regulatory updates and macroeconomic trends that may influence its trajectory.