Scan to download
BTC $80,348.92 +0.61%
ETH $2,316.69 +1.28%
BNB $651.11 +2.59%
XRP $1.42 +2.62%
SOL $92.58 +5.05%
TRX $0.3501 +0.46%
DOGE $0.1092 +1.41%
ADA $0.2767 +5.70%
BCH $451.38 +0.37%
LINK $10.37 +5.36%
HYPE $43.32 +1.69%
AAVE $96.29 +4.55%
SUI $1.02 +6.70%
XLM $0.1641 +3.91%
ZEC $597.14 +6.67%
BTC $80,348.92 +0.61%
ETH $2,316.69 +1.28%
BNB $651.11 +2.59%
XRP $1.42 +2.62%
SOL $92.58 +5.05%
TRX $0.3501 +0.46%
DOGE $0.1092 +1.41%
ADA $0.2767 +5.70%
BCH $451.38 +0.37%
LINK $10.37 +5.36%
HYPE $43.32 +1.69%
AAVE $96.29 +4.55%
SUI $1.02 +6.70%
XLM $0.1641 +3.91%
ZEC $597.14 +6.67%

op

Analysis: Bitcoin surged and then fell below $80,000, with ETF capital outflows and geopolitical risks combining to suppress market sentiment

Bitcoin fell below the $80,000 mark this week, following a five-day streak of net inflows into spot ETFs, as the market's rebound momentum from February's lows showed signs of cooling. The U.S. April non-farm payroll data added 115,000 jobs, exceeding the expected 62,000, while the unemployment rate remained at 4.3%. Although the overall data was relatively strong, it did not significantly alleviate market concerns about macroeconomic uncertainty; instead, it reinforced expectations that "energy-driven inflation limits the space for interest rate cuts."In terms of capital flow, the spot Bitcoin ETF saw a net outflow of $277 million on Thursday, ending a previous cumulative inflow of $1.69 billion; the Ethereum ETF also recorded a net outflow of $104 million on the same day, indicating a short-term cooling of institutional risk appetite. On the geopolitical front, tensions between Iran and the U.S. have escalated again, prompting the market to reprice the risks in the Strait of Hormuz, leading to a rebound in oil prices, which partially offset the support that previous risk assets received from the decline in oil prices.The derivatives market shows a more long-term hawkish outlook, with interest rate futures pricing in over a 50% probability of rate hikes beyond 2027, suggesting that the easing cycle may be delayed until 2028. On-chain data indicates that the current rise in Bitcoin is primarily driven by institutional spot buying and short covering, with retail participation remaining relatively low, and funding rates maintaining a moderate level, resulting in a weak market momentum structure. Analysts believe that if retail funds do not return, BTC may still face the risk of testing the support range of $75,000 to $78,000.

Gate officially announces Inter Milan's offline event, unlocking the interactive experience with the championship trophy and legendary stars

Global leading cryptocurrency asset trading platform Gate announced that it will hold the "Gate x Inter XIII: Champion's Circle" offline event in Milan on May 21.This event coincides with Inter Milan Football Club securing the championship three rounds early in the 2025-26 Serie A season, successfully winning the club's 21st league trophy, while Gate also celebrates its thirteenth anniversary. As the official sleeve sponsor of Inter Milan, Gate witnesses the championship moment alongside the team, with its brand influence continuously rising in both the sports and Web3 industries.During this event, Gate will invite participants to the Inter Milan headquarters to closely view the trophy that symbolizes championship glory and experience the history and culture of a top-tier club. Legendary Inter Milan players will appear to share behind-the-scenes stories from the pitch and locker room, and there will be opportunities for photos and autograph interactions.At the same time, Gate's CMO will engage in a community development dialogue with Inter Milan executives, discussing topics such as global user growth, brand culture, and community operations. The event will also include a tasting session for the limited edition Gate x Inter Milan co-branded pizza. After the event, Gate will publicly release the co-branded pizza recipe to further extend community interaction and festive atmosphere.In addition, Gate's compliance progress in Europe is continuously advancing, with its Malta company Gate Technology Ltd having obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance layout. Leveraging top-tier sports IP and the popularity of international events, Gate will continue to expand the boundaries of connection with mainstream culture.
app_icon
ChainCatcher Building the Web3 world with innovations.