New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
The crypto market is facing a downturn due to several factors.
Here's a full update:
- Escalating trade wars and tariffs imposed by the US government have led to increased market volatility .
- Massive long liquidations ($257 million in 24 hours) have amplified the sell-off, with Bitcoin and Ethereum being heavily affected .
- A prevailing bearish technical setup, including a rising wedge pattern, signals a potential further downturn .
- Global economic uncertainty and fears of inflation have also contributed to the decline .
- Crypto market capitalization has dropped by 0.91% to around $2.77 trillion .
- Bitcoin's price is correlated with traditional risk markets, exacerbating the decline .
#CRYPTO MARKET UPDATE