💰 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 Analysis Company shared the movement it expects in Bitcoin this weekend, warning! (BTC)
Crypto analytics company Santiment published a notable assessment regarding the recent price movements of Bitcoin’s (BTC).
According to the analysis, BTC surpassing the $95,000 level and reaching its highest value since February has stirred winds of optimism in the crypto community.
Santiment data shows that expectations for Bitcoin on social media have significantly increased. The company describes this rise as "the largest bull sharing increase seen since Trump's election victory night on November 5, 2024."
However, Santiment warned that there could be a sideways trend or a slight pullback in the crypto market as the weekend approaches. According to the analysis, this situation may lead some individual investors to take profits. In such a scenario, it is stated that "whales" could benefit from these sales to support the buying of BTC again and potentially push the price above $100,000 in the next 1-2 weeks.
Santiment also draws attention to market sentiment. According to the analysis, the trends in the community's greed and fear balance will play a key role in determining whether Bitcoin will make a local peak or whether it can diverge from its correlation with traditional markets.