💰 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
Bitcoin prices are on the rise again, shattering a month-long consolidation phase. On April 21, BTC spiked above $87,400, reaching its highest price point since March 28. This move follows a jump of over $3,000 from an intraday low near $84,000 on April 20.
Since hitting a yearly low of just under $75,000 on April 9, Bitcoin has rebounded by 16%, significantly reducing the gap from its all-time high. The recent 2.4% daily gain has propelled Bitcoin to the top end of its sideways channel formed in early March, hinting at a potential breakout.