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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Viewpoint: The role of Bitcoin as a hedging tool against U.S. tariffs may strengthen, and the polarization in the crypto market may continue.
PANews March 29 news, according to Samaa, Exness financial market strategist Inky Cho stated that the recent decline in the crypto assets market may be related to the panic selling triggered by the transfer of BTC from Mt. Gox for debt repayment. At the same time, Trump's remarks about the impending economic recession have impacted the stock and crypto assets markets. Currently, the correlation between Bitcoin and the Nasdaq remains around 40%, a decrease from the previous peak of 72%. However, Bitcoin is becoming polarized from ETH and other altcoins, with Bitcoin acting more as a hedge against economic uncertainty and current U.S. tariffs, while altcoins, including Ethereum, still remain linked to the technology sector and the Nasdaq market dominated by tech stocks. Therefore, in the long run, Bitcoin's role as a tariff hedge may strengthen, especially when tariffs trigger economic instability.