Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
BTC holds at $90,000, ETH and XRP face correction pressure
【Crypto World】The crypto market has been a bit stuck these past couple of days. Bitcoin has been fluctuating around $89,763, with bulls still holding onto the $90,000 level, indicating that some are reluctant to let it break below. However, the pressure is indeed significant.
Ethereum’s situation is even more concerning. The price is hovering around $2,951. If it accidentally drops below $3,000, it might test the $2,800 level next. Honestly, the recent trend has been somewhat weak.
Ripple isn’t doing much better. The $1.93 price level has encountered quite a bit of sell pressure near the $2.00 mark, making a breakout seem quite difficult. Market participants seem to be a bit cautious.
Ultimately, the old problems are still at play—many bearish signals from macroeconomic factors, combined with various regulatory uncertainties, are weighing down the overall market sentiment. This ongoing worry has limited the strength of short-term rebounds. Traders are probably in a state of: unwilling to cut losses but also hesitant to add positions recklessly.