Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Policy expectation shift triggers market surge, Bitcoin approaches the $90,000 mark
【Crypto World】Recently, subtle shifts in the global political landscape are profoundly impacting the crypto market. After a senior government official issued signals favorable to the development of digital assets, investors’ risk appetite surged sharply.
Digital assets are at the forefront. Bitcoin soared all the way up, approaching the $90,000 mark. Ethereum performed even more aggressively, directly breaking through $3,000. Traditional finance also strengthened simultaneously—U.S. stocks benefited as well, with the Dow Jones Industrial Average soaring by 588 points. In contrast, gold, a traditional safe-haven asset, experienced a pullback.
The core logic of this rally is actually quite clear: optimistic policy expectations have completely reversed market sentiment. Previous geopolitical concerns have dissipated, and investors quickly shifted from a conservative stance to an aggressive mode, igniting the entire market’s risk appetite.
However, the booming market also brought volatility. In just one day, the crypto market experienced a liquidation wave of $6.06 billion. Interestingly, the liquidation amounts of long and short positions were almost evenly split, each accounting for half, indicating that both sides were forced to close positions during this wave of volatility. This also reminds us that even the largest gains carry inherent risks.