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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
Bitcoin approaches the historical high of $110,000 as the Meme coin market continues to heat up.
Crypto Market Trends: Bitcoin Hits $109,000 Meme Coins Remain Popular
Bitcoin broke through $108,500 over the weekend, approaching the historical weekly closing high of $109,000. Analysts believe that Bitcoin is testing the key liquidity area of $109,000, and the market is focused on whether it can break through and maintain its upward momentum. Some opinions suggest that Bitcoin may reach its bull market peak in September-October 2025, currently possibly being in the final stages of the bull market.
Ethereum has outperformed Bitcoin, closing the week above $2500 with a 7-day increase of 12.23%. On-chain data shows a potential bullish trend, and some traders expect the ETH price may reach $3000 in the near term.
In terms of Meme coins, Moonshot has launched the creation tool Moonshot Create, which has gone live with several new Meme coins. The market capitalizations of $MONKEPHONE, $MOONCOIN, and $RICH are all around $7 million. Projects like $MORI and $USELESS have also performed strongly, with the latter seeing a price increase of over 1700% in the past month and a market cap exceeding $200 million.
In terms of the macro environment, political divisions in the United States have intensified, and Trump's tax cut plan has stalled in the Senate. Trump continues to pressure the Federal Reserve, raising concerns about the independence of the central bank. Nevertheless, U.S. stocks have still reached new highs, with the S&P 500 and Nasdaq indices hitting 6,173.07 and 20,273.46 points, respectively.
Tokenized stocks are becoming a new trend in the integration of traditional finance and blockchain. Several crypto platforms are laying out related services, but insufficient liquidity and lack of regulation remain challenges. The combination of stablecoins and tokenized stocks is expected to attract more institutional funds.
Market data shows that Bitcoin is currently priced at $108,379, up 15.67% year-to-date; Ethereum is priced at $2,500.45, down 25.2% for the year. The Fear and Greed Index is at 52, indicating a neutral level. In the past 24 hours, approximately 80,000 people globally have been liquidated, totaling $20.1 million.
In the coming week, several important events are worth paying attention to: Binance Wallet's exclusive TGE launch for NodeOps, Vitalik's participation in the Robinhood event at Cannes, the U.S. Senate voting on the "Beautiful Act", and discussions among the leaders of major global central banks. Additionally, multiple projects such as OP and SUI will see token unlocks.