📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Bitcoin's Market Cap Exceeded 2.2 Trillion Dollar! Became the Fifth Most Valuable Asset in the World! Here are the Details
A historic milestone has been left behind in the crypto market. Bitcoin (BTC), with its strong rise this week, has pushed its market capitalization above the 2.2 trillion dollar level for the first time, becoming the world's fifth most valuable asset.
Bitcoin's Market Capitalization Exceeded 2.2 Trillion Dollars: New Peak in Institutional Interest, Options Market Indicates More
Bitcoin thus left giants like Amazon (AMZN) and Google (GOOG) behind; it only lagged behind technology giants like Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA), as well as gold with an estimated value of around 22 trillion dollars.
The strong price movement of BTC around 110,000 dollars is supported by intense buying from all investor groups, from whales to individual investors. This positive atmosphere in the market is interpreted as a sign that Bitcoin is increasingly being embraced in the traditional financial world.
With a week to go before the expiration of May options, the majority of investors have taken positions in call options at the $110,000 level. In June futures options, it is noteworthy that call positions at $200,000 and $300,000 are concentrated. This indicates the market's expectation that the upward potential will continue.
Institutional Players and ETF Demand at Peak
Divergence from Traditional Markets: Is Bitcoin Becoming a Macro Hedge?
On the macroeconomic front, Bitcoin is clearly differentiating itself from traditional assets. In the last five days, BTC has risen by 5%, while the S&P 500 has lost more than 1% in value. This negative correlation indicates that Bitcoin stands out as a "macro hedge" ( protection tool against economic fluctuations ).