💰 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
Today is the 323rd day of my dynamic posting, and it hasn't stopped for a day. Each one is not perfunctory, but carefully prepared.
if you think I'm a serious person, you can walk with me, and I hope that the daily content can help you. The world is big, and I'm small, so pay attention so that it's not hard to find. 
Today's cryptocurrency market shows a mixed trend, with BTC oscillating in the range of $93,000-$95,000, and the total market capitalization slightly decreasing to $2.92 trillion. Although BTC ETF has recorded significant net inflows for two consecutive weeks, it still faces short-term bearish resistance in the range of $97,000-$99,500. If it breaks through, it may challenge the psychological level of $100,000. Meanwhile, Ethereum (ETH) remains between $1,700-$1,800, with a market share of 7.4%. In the short term, it lacks independent market momentum, and the market is paying attention to whether tomorrow's upgrade can bring a new breakthrough.
The Meme sector performed well, with fully circulating tokens like POPCAT favored by funds, leading in price increases. Additionally, BTC leveraged trading volume increased by over 40% week-on-week, driven by a recovery in market sentiment that boosted demand for high-risk strategies. Institutional funds continue to flow in, with BlackRock ETF seeing a net subscription of 1 billion in a single day.
The US Dollar Index (DXY) weakened to 104.5, providing support for BTC, but the high leverage (close to the peak of the 2021 bull market) increases the risk of a pullback. Investors should pay attention to regulatory dynamics and technical resistance. In the short term, one can focus on the popularity of Meme coins and the ETH upgrade market, while in the medium to long term, the flow of funds into BTC ETFs remains a key indicator.
Summary: Today's market sees intensified tug-of-war between bulls and bears, BTC is gathering momentum for a breakout, Meme coins and leveraged trading are active, and investors need to balance returns and risks, closely monitoring macro policies and key technical breakpoints.