💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
#Market Analysis After Tariff Policy#
The new customs tariffs announced by the US have caused volatility in the cryptocurrency markets. The price of Bitcoin (BTC) rose to 88,500 dollars during yesterday's trading, but turned downward after tariffs that exceeded expectations. The decline in futures trading on US indices has also put pressure on BTC.
BTC PRICE PULLED BACK, RECOVERED WITH REACTIONARY BUYING
Bitcoin has caused concern among investors by dropping to as low as 81,200 dollars in the last 24 hours. However, the price showed some recovery with reaction purchases coming from this level. On the morning of April 3, 2025, the BTC price is hovering near the 83,500 dollar level. Experts say that this level could be an important support point in the short term.
CORPORATE DEMAND INCREASED AGAIN
Despite the fluctuations in the cryptocurrency markets, institutional investors' interest in BTC continues to grow. The US-based company 'Strategy' increased its Bitcoin holdings to 528,185 units following its purchase of $1.92 billion yesterday. This move by the company once again highlighted the impact of institutional demand on the market.
US Tariffs and Their Impact on Cryptocurrency Markets
The new customs tariffs announced by the US have echoed in the cryptocurrency markets as well as in global markets. The tariffs exceeding expectations have created uncertainty among investors and caused sharp movements in the BTC price. Analysts state that the impact of such macroeconomic developments on the crypto market may continue in the coming days.
INVESTORS SHOULD BE CAREFUL
According to experts, the fluctuations in Bitcoin prices present both opportunities and risks for investors. It is emphasized that global economic developments should be closely monitored. While BTC is expected to continue its search for balance at current price levels, caution is recommended in short-term movements.