🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
An overview of daily cryptocurrency news:
General Market Latest:
* Bitcoin (BTC) Price and Movements: Bitcoin continues its recent rise and is traded at $105,000 - $105,500. It is stated that there may be a pause at $106,000 in the short term and $100,000 is an important support point.
* Altcoin Performance: Ethereum (ETH) is trading at $2,500 and according to some estimates, it may show a rapid rise towards $6,000 if it exceeds $2,700. Although there is general movement in other altcoins, the general rise in the market has partially affected Bitcoin's dominance. Altcoins such as SUI and Avalanche in particular are seeing increases of over 3%.
Important Headlines and Developments:
* Institutional Investments and Stablecoins:
* There are reports that Donald Trump's social media company is planning a $3 billion crypto investment and that the largest US banks are considering a joint stablecoin launch.
* BlackRock's Bitcoin ETF (IBIT) has attracted attention with a single-day outflow of $430 million in its inflow series.
* Meta's negative approach to Bitcoin reserves is surprising despite the institutional adoption trend.
* Global: The US Securities and Exchange Commission (SEC) continues to examine whether crypto assets are securities. In the European Union, work continues on a bill called MiCA (Markets in Crypto-Assets). There are also reports that the IMF has objected to Islamic countries' Bitcoin mining moves.
* Technological Developments and Market Analyses:
* It is stated that Bitcoin has climbed to an all-time high and its volatility rate is more stable than previous bull markets.
* The expiration of $11 billion worth of BTC and ETH options raises concerns that it could cause volatility in the market.
* Bitcoin ETFs saw an uptick in February, but there have been clear outflows recently.
Expert Comments and Expectations:
* Experts say that if Bitcoin continues to be traded more like gold than a technology stock, the divergence will gain momentum.
* Some analysts are bringing up ambitious figures such as $180,000 or $250,000 in Bitcoin's 2025 price targets.