🚀 Gate Fun Chinese Meme Fever Keeps Rising!
Create, launch, and trade your own Meme tokens to share a 3,000 GT!
Post your Meme on Gate Square for a chance to win $600 in sharing rewards!
A total prize pool of $3,600 awaits all creative Meme masters 💥
🚀 Launch now: https://web3.gate.com/gatefun?tab=explore
🏆 Square Sharing Prizes:
1️⃣ Top Creator by Market Cap (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
2️⃣ Most Popular Creator (1): $200 Futures Voucher + Gate X RedBull Backpack + Honor Poster
3️⃣ Lucky Participants (10): $20 Futures Voucher (for high-quality posts)
O
📉 Crypto Market Snapshot — October 12, 2025
---
🔍 What’s Going On
The crypto market is under pressure today, with broad sell-offs and high volatility.
Over $19 billion was wiped from the market in a historic single-day crash, triggered by the U.S. announcing 100% tariffs on Chinese tech exports and stricter export controls on critical software.
The downtrend has dragged Bitcoin below key support levels and put altcoins under heavier selling pressure.
Liquidations are high, and ETF outflows are adding to downward momentum.
---
📌 Key Levels & Watch Zones
Bitcoin: Testing support zones around $107,000 – $110,000. If it breaks firmly below, more downside could follow.
Ethereum & Altcoins: Many are failing to hold above $4,000, facing cascading liquidations if current trend continues.
Sentiment: “Risk-off” is dominating — investors are pulling back amid macro uncertainties.