Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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1. Bitcoin (BTC): Violent Fluctuations Around $70K
24-Hour Volatility: BTC created an extremely large fluctuation range from $62.29K to $72.33K. After challenging the short-term peak above $72K, the price plummeted.
Current Status: As of this morning (February 6), BTC opened at $62.90K. Losing the $70K mark in just a few hours shows the immense pressure to liquidate long positions.
Quick analysis: This decline was influenced by the strong recovery of the DXY index (USD) and concerns about hawkish monetary policy following new information on personnel changes at the US Federal Reserve (Fed).
2. Ethereum (ETH) and Altcoins: Enduring the market's heat
Ethereum: ETH is trading at over $1.93K. Compared to BTC, ETH is under relatively deep correction pressure after losing key psychological support levels.
Investor sentiment: The "Fear and Greed" index has quickly shifted from extreme greed to caution as money shows signs of withdrawing to seek refuge in highly liquid assets.
#SachtonyMartket #BTC #ETH #ICP #GT