New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
THIS IS WHAT IS CAUSING THE CURRENT CRYPTO CRASH!
Don't be discouraged!
The current crypto crash is primarily attributed to the Federal Reserve's recent monetary policy announcement. Despite a 0.25% rate cut, Fed Chair Powell's hawkish stance and indication of fewer rate cuts in 2025 have dampened investor sentiment .
This has led to a significant decline in the crypto market, with Bitcoin falling below $94,000 and Ethereum dropping to around $3,350.
The total market capitalization has decreased to $3.3 trillion, marking the lowest level in nearly a month .
Other factors contributing to the crash include:
Tightening Global Liquidity Conditions: Central banks reducing their balance sheets and rising bond market volatility have created unfavorable conditions for risk assets .
Market Structure Weaknesses: High leverage and market structure weaknesses have also contributed to the downward pressure .
Pre-Holiday Low Liquidity Conditions: The current low liquidity conditions have further exacerbated the decline .
It's essential to note that the crypto market is highly volatile, and prices can fluctuate rapidly. While the current crash may seem alarming, historical patterns and market fundamentals suggest recovery potential .