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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
🌟 We will select outstanding posts for exposure, and help elevate your influence!
💡 How to Participate?
1.Add the #TopContentChallenge# tag to your post.
2.Posts must be over 60 characters and receive at least 3 interactions (Likes/Comment/Share).
3.Post may include only the #TopContentChallenge# tag.
🎁 We’ll select 1 top post to win $50 Futures Voucher every Tuesday and Thursday!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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1️⃣ Post a photo or video with Gate elements
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3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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BTC breaks through 70,000 USD, the target of 100,000 USD still faces challenges.
BTC price breaks through $70,000, future rise still has uncertainty.
Recently, the price of Bitcoin has frequently hit the $70,000 mark, sparking widespread discussion in the market about its future trend. Although Bitcoin has already set a historical high, there are still many uncertainties to reach the expected target of $100,000.
As the leader of the cryptocurrency market, Bitcoin's value support mainly comes from global consensus. Compared to cryptocurrencies like Ethereum, which have a richer application ecosystem, Bitcoin does not have an absolute advantage in terms of technology and practicality. However, Bitcoin has gained market recognition on a higher dimension due to its first-mover advantage and decentralized characteristics.
In 2024, several favorable factors are believed to drive the price of Bitcoin to rise, including the halving mechanism, the opening of ETFs, and the gradual improvement of regulatory policies. However, it remains to be seen whether these factors can truly bring sustained benefits. For example, the opening of ETFs may only lead to a diversion of funds from traditional financial markets rather than a large influx of new capital.
The changes in the global economic situation will also affect the trend of Bitcoin. Factors such as the relative decline of the US dollar's status, issues with US treasury bonds, and geopolitical situations may have a profound impact on the cryptocurrency market. The future direction of US policy, especially its attitude towards cryptocurrencies, will largely influence market expectations.
From a more macro perspective, the support logic of Bitcoin's price is closely related to the global financial system. As an emerging financial instrument, Bitcoin has also become a bargaining chip in the game of major powers to some extent. Its price trend not only reflects market supply and demand but also mirrors the complex international economic landscape.
In summary, although the price of Bitcoin has surpassed the $70,000 mark, there are still many challenges to reaching the $100,000 target. Investors should pay more attention to changes in the global economic situation and their long-term impact on the cryptocurrency market while focusing on short-term price fluctuations.