💰 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
Pi is going down the red zone
Looking at the on-chain metrics, Pi has been experiencing a steady downfall over a period of time. The coin’s market cap fell from $19.4 billion to $2.38 billion, showing a straight 77.4% decline in the span of two months. On the other hand, Pi’s trading volume also experienced a fall of 97.4% and is currently standing at $95.97 million.