💰 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
The market is fluctuating and leaning bearish, you can plan a shorting grid for the BTCUSDT contract.
After a significant decline, Bitcoin has experienced two weeks of weak rebounds with decreasing volume, yet it has been unable to touch the 90,000 mark. This indicates that the recent rebounds are mostly due to retail investors buying in out of FOMO, while the majority of institutional funds are still on the sidelines. Under these circumstances, it is highly likely that the rebounds will be difficult to sustain.
For more information, you can click: https://www.gate.io/post/status/9980350?ref=A1AWUgtY&ref_type=105