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The cryptocurrency market surged as the U.S.-China trade deal ended the prolonged conflict.
The cryptocurrency market is witnessing large green candles today, and this is not a coincidence. News has just broken that the United States and China have completed a comprehensive trade agreement, officially ending the prolonged trade war that has shaken global markets for years. As traditional finance celebrates a breakthrough in geopolitics, the cryptocurrency market also reacted strongly—if not more strongly—with Bitcoin, Ethereum, and various altcoins all reporting double-digit gains. But is the trade deal the reason behind today's price surge? US-China Peace Agreement: Core Catalyst? After more than six years of tariffs, technology bans, and financial instability, Washington and Beijing have finally signed an agreement on tariffs, semiconductor supply chains, and digital trade. The agreement restores trade flows and improves cross-border cooperation, including in the fields of blockchain technology and finance. This announcement has caused global stock markets to soar, but the cryptocurrency market has exploded. Analysts believe that with the reduction of global risks and clearer economic prospects, institutional investors are reallocating capital into risk assets, including cryptocurrencies. The trade agreement has created a "slight recovery" environment in which Bitcoin thrives. Bitcoin is nearing $110,000: Is the next stop ATH? Bitcoin ($BTC) is currently trading around $109,400, up nearly 3% in the last 24 hours. After consolidating below $108K for most of the past week, the breakout occurred as traders priced in new optimism and macro clarity. With the next resistance level near the $111K–$112K (previous all-time high), buyers are looking for a clear breakout. 📊 Main chart levels: Support: $106.7K (mức 38.2% Fib retracement )Mức resistance: $111.8K (ATH)Mục Next target: $115,000 if the rally remains the same
Ethereum leads with the ETF boom Ethereum ($ETH) is outperforming $BTC today, rising more than 14% in 24 hours to reach above $2,700. Speculation surrounding the SEC's greenlight for a spot Ethereum ETF this month is heating up. Combined with improved macro sentiment and strong staking data, $ETH is attracting renewed interest from both institutional and retail traders.
Altcoin explosion: $SOL, $AVAX, and $XRP price increase Some altcoins are performing better today, especially those linked to potential ETF stories or institutional utility: Solana ($SOL): up 9% – testing resistance level $162 Avalanche ($AVAX): up 12% – confirming trend reversal XRP ($XRP): up 6% – driven by news of ETF and tokenization Even meme coins like $DOGE and $PEPE have increased by 5–10% in the context of a bullish market. The organization's mindset has shifted to risk. According to data from CoinShares and Fidelity Digital, crypto funds have recorded nearly $7 billion in inflows in the past 30 days, reaching an all-time high of $167 billion in AUM. The end of the trade war gives hedge funds and family offices a better understanding of macro conditions—freeing them up to return to risky assets like Bitcoin and Ethereum. Moreover, large banks such as Société Générale will launch a stablecoin pegged to the dollar in Q3, while Coinbase reports a surge in demand for remittances based on stablecoins in Asia. Prospects: Can this price increase be sustained? Today's price surge is not just a spike—it is also related to a significant geopolitical change affecting the global economy. If peace is maintained and tomorrow's CPI data confirms that inflation is cooling in the United States, cryptocurrencies may enter a new bullish phase. However, traders should pay attention to potential fakeouts, especially when Bitcoin is approaching resistance near ATH. If the bulls can reclaim $112,000, we may see a rise to $115,000 and beyond.