💰 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
The gold-backed crypto assets performed unaffected by the market fall, with both PAXG and XAUT rising.
Odaily News Due to investor concerns about changes in macroeconomic policy in April, there has been a reduction in exposure to risk assets, leading to a fall in the crypto assets market today, with liquidation exceeding 300 million USD in the past 24 hours, and BTC has fallen to the 82,000 USD range. However, crypto assets backed by gold are reversing the bearish trend in the market, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by about 1%. (Coindesk)