Gate Plaza｜3/5 Today's Topic: #比特币创下近一月新高 🎁 Analyzing Market Trends, Win 5 Lucky Draws for a $2,500 Position Experience Voucher! As the White House announced it has submitted President Kevin Waugh's nomination to the Senate for Federal Reserve Chair, the U.S. Senate did not pass the vote to stop Trump's Iran sanctions, Bitcoin hit a new high since February 5th early this morning, reaching up to $74,050, and the total cryptocurrency market cap rebounded to break through $2.538 trillion. 💬 This Week's Hot Topics: 1️⃣ Does Kevin Waugh's nomination indicate an increasing expectation of rate cuts? 2️⃣ At this critical point, are you holding your coins and waiting for gains, riding the trend, or preparing to reposition during the pullback? Share your views and win great prizes 👉️ https://www.gate.com/post 📅 3/6 15:00 - 3/8 12:00 (UTC+8)

🚨 BITWISE BACKS BITCOIN DEVELOPERS Bitwise Asset Management has contributed $233,000 to developers working on the Bitcoin network. The donation comes from 10% of the profits generated by its Bitwise Bitcoin ETF. With this latest contribution, Bitwise’s total funding for Bitcoin developers since 2024 has reached $383,000. $BTC ‌#CryptoMarketBouncesBack

📊 #CryptoMarketBouncesBack: Market Snapshot (March 5, 2026) Bitcoin and the broader crypto market have shown an interesting rebound amid recent circumstances. Here is a brief analysis of the "Hormuz Factor" and macro trends: 🔍 The "Hormuz Factor" & Bitcoin’s Price Action The Strait of Hormuz situation is proving to be a turning point for Bitcoin: Initial Shock (March 2): When Iran announced the closure of the waterway, traders sold everything, including BTC, to cover margin calls, leading to panic in the market. The "Digital Gold" Pivot: After deleveraging ended, the narrative shifted. Rising Brent Crude prices and a 400% increase in maritime insurance premiums directed investors toward Bitcoin—proving to be a strong alternative to the fiat system and "war finance." 📈 Key Macro Drivers to Watch Bitcoin’s next big move depends on two factors: (Friday NFP )Non-Farm Payrolls@: If jobs data is weak, expectations for a rate cut at the March 18 FOMC meeting will increase, providing a "macro tailwind" to push BTC higher. Trade Dynamics: The market is also closely watching the upcoming implementation of (the 15% global tariffs). 💡 Analyst Note Bitcoin has absorbed the initial panic. Now, the focus is on energy-driven inflation and central bank policies. (The level has now become a major psychological and technical target.