Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
GameStop announced plans to acquire $1.3 billion in Bitcoin reserves, and market traders are taking a cautious stance.
According to Gate.io News bot, reported by Greeklive, current market traders generally hold a cautious attitude. Most traders expect Bitcoin to fall back to the range of $84,000-$85,000, while some traders believe that the market is currently in a narrow fluctuation phase. There are a large number of passive sell orders at the price level of $88,400.
GameStop recently announced plans to acquire $1.3 billion in Bitcoin reserves. In response, some traders view it as a "meme investment," predicting that this move will only drive the price of Bitcoin up to $90,000, with an effect lower than factors such as BlackRock and Trump.
Traders point out that some poorly performing companies are shifting to "Bitcoin reserves" to alleviate financial pressure, and the number of "zombie companies" in the market is on the rise.