Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#IsraelStrikesIranBTCPlunges
Iran Attack Shatters Bitcoin, Dropping to $73,000
The cryptocurrency asset market is once again hit by aggressive selling pressure. Based on the latest data from CoinMarketCap, Bitcoin failed to hold its psychological level and plunged sharply to a price of $73,000.
This drop underscores the dominance of the bearish trend that has been shadowing the king of crypto throughout this week. As prices correct $BTC$, Bitcoin’s market dominance is also reported to have fallen to 60.30%, while the total global crypto market capitalization has been eroded to $2.47 trillion.
Bitcoin’s negative movement over the past 7 days was driven by a combination of strong sentiment. The most hard-hitting domestic internal factor in the crypto space comes from massive asset offloading by institutional investors via spot Bitcoin ETFs. Official data shows significant daily withdrawals totaling $333.71 million, which also extends the negative trend over the past two weeks, with total outflows surpassing $2.26 billion.
Market pressure was further intensified by the escalation of military conflict heating up in the Middle East between America Serikat and Iran, triggering extreme risk-off sentiment across global financial markets. According to an official report from Press TV, the Iran Islamic Revolutionary Guard Corps (IRGC) stated that it targeted a US military air base at 4:50 AM local time. This retaliatory strike was launched following a previous US military dawn attack that used air projectiles against a site near Band ar Abbas Airport. The increasingly exposed armed conflict has led investors to rush to withdraw their capital from high-risk assets such as crypto, shifting it into traditional safe assets.
On the other hand, market participants are also taking a wait-and-see approach, anticipating the release of the United States Personal Consumption Expenditures data scheduled for Thursday night local time. This economic data is crucial because it serves as a key inflation indicator used by the Federal Reserve to determine the direction of interest rate policy going forward.