💰 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
While most of the crypto market is green on this Monday morning, the Pi Network (PI) price continues to tumble, with no end to its three-month downtrend seemingly in sight.
PI is down 2.2% overnight while BTC (0.4%), XRP (2.6%), SOL (2.3%) and ADA (3.4%) are all in the green. The only other notable major cap crypto in the red, alongside PI, is TRX, down 1.7%.
However, the Tron native token is 6% since the beginning of April, while PI is down a staggering 25% for the month, marking it one of the worst-performing crypto tokens in April.