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- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
👉 Post daily from May 19 to May 25 and share a $300 prize pool based on your post quality!
Join now: https://www.gate.io/questionnaire/6679
Registration deadline: May 20 10:00 UTC
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Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
With a cleaner, more distinctive, universally recognized visual identity, we're moving from industry leader to true pace-setter.
✨ Three Pillars of Our Strategic Upgrade
1. User First: Serving 23 million users worldwide, with a reserve ratio of 128.57%, solidly among the top in the industry.
2. Tech Innovation: Pioneering the use of zero-knowledge proofs to verify reserve security.
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- 🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Crypto Rally Strengthens as Bitcoin Nears Record High
The cryptocurrency market is showing strong momentum today, with Bitcoin approaching its all-time high and altcoins also gaining ground. This surge follows the Senate’s approval of the GENIUS stablecoin bill, which has boosted investor confidence across the market. Bitcoin is close to breaking past its $109,000 record, a move that analysts say could ignite a broader altcoin rally and push prices even higher.
The dynamic between Bitcoin and altcoins is reaching a critical point, centered on Bitcoin Dominance — currently at 64%. This metric measures Bitcoin’s market share relative to other cryptocurrencies and will determine the next phase of market direction. If Bitcoin’s dominance rises above this level, it may attract more capital to Bitcoin, potentially sidelining altcoins. Conversely, if Bitcoin dominance falls below 64%, altcoins could experience a surge.
Experts suggest that a sustained climb in Bitcoin’s price might keep its dominance high, limiting altcoin gains. However, if Bitcoin stabilizes or retreats slightly, altcoins may gain momentum. Notably, Arthur Hayes predicts altcoin season won’t begin until Bitcoin surpasses $110,000. He forecasts Bitcoin could reach between $150,000 and $200,000 by summer, with profits then flowing into altcoins. Hayes also cautions that the upcoming altcoin rally may be more muted compared to 2021, given many older tokens’ weaker fundamentals.
Ethereum’s recent 34% rise against Bitcoin has sparked speculation about an imminent altcoin season. Yet, key indicators suggest this phase is not yet underway. In 2022, a sharp Ethereum rally helped fuel a widespread altcoin boom where the majority of top coins outperformed Bitcoin. Today, the Altcoin Season Index remains low at 25, and only a small fraction of major altcoins are beating Bitcoin.
Some analysts warn that a decline in Bitcoin dominance alone does not guarantee a shift to altcoins. Market volatility and ongoing macroeconomic uncertainties could lead investors back to Bitcoin as a safer asset. Consequently, the crypto market may stabilize with both Bitcoin and altcoins maintaining strength, rather than undergoing a dramatic shift. The coming weeks will be pivotal in determining whether this breakout leads to a sustained bull run for the broader crypto ecosystem.