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
WHY BITCOIN AND CRYPTO DUMPED?
THE MARKET DUMPED BECAUSE
OF ONE REASON 👇
THE FED TURNED HAWKISH.
IN THE PAST FEW MONTHS, CPI HAS STARTED TO GO UP, AND THE FED NOW THINKS THIS COULD BE A PROBLEM.
IT WAS EXPECTED THAT THERE WOULD BE 3 MORE RATE CUTS IN 2025, BUT AFTER TODAY'S FOMC MEETING, THE ESTIMATE IS DOWN TO JUST 2 RATE CUTS.
NOT ONLY THAT, THE FED THINKS THAT ITS 2% INFLATION TARGET WON'T HAPPEN ANYTIME SOON, SO THEY'LL KEEP THE MONETARY POLICY A BIT RESTRICTIVE.
IN SIMPLE TERMS, SLOW THE RATE CUTS AND DON'T START THE MONEY PRINTER.
AS WE ALL KNOW, BITCOIN AND CRYPTO PERFORM BEST WHEN THERE IS EASE IN MONETARY POLICY.
WILL THE MARKET CONTINUE TO GO DOWN?
IN THE SHORT TERM, MAYBE YES.
IN THE LONG TERM, WE'RE GOING UP ONLY.