💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Analysis: Long-term holders of Bitcoin have increased their holdings by 400,000 BTC since February, and market confidence remains strong.
Odaily News Since the beginning of April, the market confidence of both short-term and long-term Bitcoin (BTC) holders has seen an unusual rise. Glassnode data shows that the number of Bitcoins held by short-term holders (users holding Bitcoin for less than 155 days) has increased by approximately 15,000 since early April, with the total holding slightly above 3.7 million. Long-term holders (those who have held for at least 155 days) have increased their Bitcoin reserves by 400,000 coins since February, and have purchased a small amount of Bitcoin this month, bringing their total holdings to over 13.5 million coins, indicating that even in the recent price stagnation, the confidence of long-term holders continues to strengthen. (CoinDesk)