📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
The implementation of the latest tariff policy has brought new variables to the encryption currency market. The adjustment of tariffs on semiconductor chips directly affects the cost of Bit mining equipment, which in turn has a chain reaction on the overall production cost of Bit. Market feedback indicates that this impact could be quite significant.
Recently, the Bitcoin market has been sluggish, with trading volumes continuing to decline. Although ETF funds are still flowing in, the ongoing selling pressure in the market may primarily come from the miner community. This situation may reflect the miners' concerns about the current market environment.
In the short term, the Bitcoin market trend is difficult to predict and is likely to face a deep adjustment. This adjustment could push the Bitcoin price down to levels of 100,000, 90,000, or even 80,000. Although such a deep correction is not common in the near term, it may wash away a large number of speculators and bring a new balance to the market.
Despite the unclear short-term outlook, the Bitcoin market is still full of opportunities in the long run. This adjustment may provide a rare entry opportunity for long-term investors. During this uncertain period, investors need to remain rational and make prudent decisions.
In the face of the ups and downs of the market, I hope every participant can remain calm and manage risks well. Regardless of how the market changes, maintaining a long-term strategic vision and patience may be the key to achieving success in this highly volatile market.