🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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#数字资产生态回暖 December 10th Cryptocurrency Market Scan
**Market Rebound, but with Limited Magnitude**
Bitcoin is currently fluctuating between 92K and 94K, mainly due to the market digesting expectations of a potential Federal Reserve rate cut. Ethereum's performance is even more impressive, having broken through the 3300 level, and its trend appears more stable compared to Bitcoin. The total market capitalization of cryptocurrencies has also rebounded, with large-scale capital starting to flow back into the top-ranked coins by market cap.
**What Are Institutions Up To**
A major exchange announced support for USD1 (World Liberty Financial USD) as collateral for contracts, expected to start implementation on December 11. They also plan to launch new spot trading pairs such as BNB/USD1, ETH/USD1, and SOL/USD1. Meanwhile, American Bitcoin Corp, listed on the US stock market, recently bought an additional 416 Bitcoin, bringing its total Bitcoin holdings to 4,783. This indicates that some institutions still have a strong interest in accumulating Bitcoin.
**How Do Analysts View It**
Standard Chartered Bank recently significantly lowered its Bitcoin price forecast. Previously expecting Bitcoin to reach $200,000 by the end of 2025, the forecast has now been revised down to $100,000; the 2026 target has also been adjusted from a higher level to $150,000. The reasons cited include cooling corporate buying activity and a slowdown in capital inflows into Bitcoin ETFs. Market consensus is gradually forming that future major movements in Bitcoin will mainly depend on continuous ETF capital inflows, rather than corporate buying.
**What to Watch for in the Short Term**
Although market sentiment remains strong, there are still many variables. If the Federal Reserve does not cut rates as expected, Bitcoin and Ethereum may experience a correction. Factors such as liquidity, USD exchange rates, and overall risk appetite still have considerable short-term influence. Technical indicators show some improvement, but the battle between bulls and bears can shift quickly, so the market is likely to remain volatile in the short term.