#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Bitcoin Reclaims $107K, Is a Major Bitcoin Price Rally Ahead?
After trading below the $105K price level for the last 3 days, Bitcoin price has surged today. It is up by around 2% in the last 24 hours and is trading above the $107K price level. Even though the market sentiment seems to be neutral, key technical indicator suggests an upcoming price rally
The largest cryptocurrency by market cap is currently trading at around the $107K price level. Its market cap has surged by 1.9% in the last 24 hours, while trading volume surged by 20%. Meanwhile, the crypto fear and greed index is reading 51, which shows a neutral market sentiment in crypto
Bitcoin market analyst Rachael Lucas addressed the geopolitical tensions between Iran and Israel. Because of the ongoing war between these two countries, the crypto market was down in the last few days. However, Bitcoin price bounced back to the $107K level today, showing resilience
The fund inflows into the crypto ETF products are also contributing majorly to the Bitcoin price surge. As per the latest CoinShares report, weekly crypto asset inflows surpassed $1.9 billion last week. Bitcoin products alone accounted for $1.3 billion fund inflows last week. This is a positive sign for crypto market’s resilience amidst geopolitical tensions
What’s Next For Bitcoin Price?
The MACD histogram is turning green at present, indicating that a bullish Bitcoin price rally is ahead. This is not a direct indicator of Bitcoin’s bull rally. However, whenever the MACD histogram of BBW turned green, the Bitcoin price has historically witnessed a significant surge
The upcoming FOMC could also impact the market price of Bitcoin this week. Interest rate decisions by the Federal Open Market Committee have always had an impact on the crypto market. In case, the Fed’s rate cut decision is favorable to the crypto market, we can witness a major Bitcoin price rally
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