#Gate广场四月发帖挑战

Due to geopolitical impacts such as the breakdown of US-Iran negotiations, the overall cryptocurrency market experienced a correction today (April 13), presenting a technical adjustment after the "profit-taking" phase.

Mainstream coin market trends

Bitcoin (BTC): approximately $70,600, down about 3.7% in 24 hours. Currently fluctuating above $70k, with short-term support at $68,800.

Ethereum (ETH): approximately $2,180, down about 5% in 24 hours. Supported by expectations of technical upgrades, relatively resilient.

Other coins: SOL, BNB, XRP, etc., generally down about 3%-5%.

Market key developments

Geopolitical shocks: No progress in US-Iran negotiations, US military announced blockade of the Strait of Hormuz, risk aversion led to over 140k liquidations worldwide.

Institutional actions: Bitcoin spot ETFs saw a net inflow of about $786 million last week; BlackRock launched its first staked Ethereum ETF, with institutions continuing to deploy against the trend.

Regulatory positive news: The US "CLARITY Act" is entering the legislative sprint phase; the Hong Kong Monetary Authority has issued the first stablecoin licenses to HSBC and others.

⚠️ Risk warning: The Middle East situation is highly uncertain, market volatility is intense, please control your positions and avoid high leverage trading.

This article does not constitute investment advice. Investing involves risks; please make cautious decisions.