📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Recently, the Crypto Assets market has shown a continued sluggish trend, with several industry analysts predicting that this situation may persist into the summer. The market seems to be in a state of stagnation, and many active traders have shifted their attention to some smaller projects.
The price of Bitcoin is once again approaching its 50-day moving average, with frequent tests of this trend line reflecting the market's accumulated fatigue. This phenomenon has sparked discussions about the correlation between the Bitcoin halving cycle and market sluggishness.
The impact of the Bitcoin halving event on the market is primarily reflected in the short-term rebalancing of supply and demand and the digestion of market expectations. Typically, before the halving event occurs, the market tends to rise in advance due to expectations of increased scarcity of Bitcoin, which to some extent anticipates the positive effects brought about by the halving.
When the halving actually occurs, the reduction in block rewards will lead to greater selling pressure on miners in the short term. This situation, combined with the previously accumulated profit-taking demand, is likely to trigger a certain degree of market adjustment. If there are simultaneous changes in the global macroeconomic environment, such as tightening liquidity and other external factors, the period of market downturn may be further extended.
However, it is worth noting that although the market may face challenges in the short term, the scarcity of Bitcoin remains an important factor supporting its value in the long run. Therefore, the current market downturn is more likely to be a cyclical adjustment rather than a reversal of the overall trend.
For investors and market participants, it is crucial to understand the nature of these cyclical fluctuations and maintain a rational and long-term perspective. During market downturns, there may also be potential investment opportunities, but it is important to remain vigilant about risks and conduct thorough research and risk management.