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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Historic Melting of 234 Billion in Altcoins: Glassnode Announced! Are We in a Bear Market? - Coin Bulletin
**In the last two weeks, while the altcoin market lost 234 billion dollars in value, Bitcoin (BTC) outperformed all ERC-20 altcoin sectors. This decline is considered a serious bear market signal in the altcoin market.
The cryptocurrency market, especially for altcoins, is going through a challenging period. According to Glassnode data, the market cap of altcoins has eroded by 234 billion dollars in the past two weeks, marking one of the biggest historical losses. The divergence between Bitcoin and altcoins is particularly noticeable. In previous cycles, when Bitcoin rose, a portion of capital would flow into altcoins, but this time there has been a significant collapse in altcoins while Bitcoin remains strong.
Widespread selling pressure in altcoins
According to Glassnode's analysis, almost all altcoin sectors have been exposed to a major selling wave. While ERC-20 based tokens experienced a widespread decline, Bitcoin remained relatively stable. Many altcoins are being abandoned by investors due to their lack of sufficient adoption and market fit.
Bitcoin is attracting attention with volatile price movements. Last week, the BTC price, which dropped to 93 thousand dollars, then recovered to 102 thousand dollars, and is currently trading around 96 thousand dollars. However, unlike the significant losses in altcoins, Bitcoin's price movement is relatively flat.
Macroeconomic uncertainty and strong dollar impact
Global macroeconomic developments are also behind this fluctuation in the price of Bitcoin. Threats of customs tariffs by President Trump towards Canada, Mexico, and China are making investors nervous, while the strength of the US dollar is also causing liquidity constraints in the market.
Glassnode's Principal Component Analysis (PCA) method analysis reveals that a large portion of ERC-20 tokens move in the same direction. This implies a reduction in differences between individual projects and a prevailing selling pressure in the market. Altcoins have significantly underperformed Bitcoin in recent weeks, and the uncertainty remains about whether this trend will continue.