🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
In the past 24 hours, the cryptocurrency market has shown obvious signs of recovery. The total market capitalization increased significantly by 102 billion dollars, reaching 3.69 trillion dollars, approaching the key resistance level of 3.73 trillion dollars. This growth trend has attracted the attention and discussion of investors.
As the leader in the cryptocurrency market, Bitcoin is currently trading at $114,759, hovering just below the important psychological level of $115,000. Market participants are cautious about this, with some analysts predicting a potential pullback, with the next support level possibly around $111,187.
It is worth noting that Ethena (ENA) has performed particularly well in this round of market recovery, with a 24-hour increase of 19%. ENA currently has support at 0.62 dollars, and if the market maintains an optimistic sentiment, it is expected to further rise to 0.76 dollars.
Meanwhile, some noteworthy events have occurred in the cryptocurrency industry. TRON founder Justin Sun successfully won a seat for the Blue Origin NS-34 mission at a high price of $28 million, attracting widespread attention both inside and outside the industry. However, this news did not have a significant impact on TRON's price, which only saw a slight increase of 2%, reflecting that investors are more focused on the overall market trend rather than a single event.
On the other hand, Solana co-founder Anatoly Yakovenko made some controversial remarks on social media, stating that the community is useless for cryptocurrency projects. This statement sparked strong reactions in the cryptocurrency community and triggered a heated discussion about the role of the community in promoting the development of cryptocurrency.
Overall, despite signs of a market recovery, investors should remain vigilant and closely monitor various influencing factors, including technological developments, regulatory trends, and the macroeconomic environment, in order to make informed investment decisions.