🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin Drops Below $90,000! QCP Capital Analysts Warned! Here are the details
According to the market update from QCP Capital, Bitcoin (BTC) fell below $90,000 for the first time in a month, breaking out of its recent trading range.
Bitcoin Falls Below $90,000 Amid Market Uncertainty, QCP Warns of Cautious Outlook
The flagship cryptocurrency is currently hovering just below this level, and market sentiment remains under pressure due to broader macroeconomic factors.
Trump Tariffs and Corporate Demand Concerns
QCP Capital attributes part of Bitcoin's recent weakness to US President Donald Trump's new trade policies:
These measures have increased economic uncertainty, leading to cautious trading in risky assets, including cryptocurrencies.
In addition, QCP notes that the recent demand for Bitcoin is largely driven by institutions, particularly companies financing BTC purchases through stock-linked bond issuances, such as Strategy.
However, the company warns that this source of finance may be approaching saturation and could potentially limit further corporate demand.
Cautious Outlook for BTC
With BTC struggling to maintain key support levels and institutional buying momentum likely slowing, QCP remains cautious about Bitcoin's short-term outlook.
The next few days could be critical in determining whether Bitcoin will break above $90K or continue its downward trajectory.