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Auto-invest on a regular basis
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Quant Fund
Top asset management team helps you profit without hassle
Staking
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GUSD Minting
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#Gate Leads Global Growth in Futures Trading Volume 📌The crypto market is experiencing a significant rebound, driven by several key factors:
Key Drivers of the Rebound
- *Trump's Oil Statement*: US President Donald Trump's statement on drilling for oil has boosted the energy and financial markets, contributing to the crypto market's surge.
- *Texas Bitcoin Reserve Law*: Texas Governor Greg Abbott signed SB 21 into law, creating a state-run Bitcoin reserve, which positions Texas as a crypto-forward state and sends a positive signal about long-term adoption.
- *Market Sentiment*: The Crypto Fear and Greed Index has shifted to neutral, indicating a cautious but improving market sentiment.
Market Performance
- *Bitcoin Price*: Bitcoin has increased by nearly 2% to $102,043.41, driven by the positive sentiment and market trends.
- *Altcoin Performance*: Top altcoins like Ethereum, XRP, and Solana have recorded gains of 9%, 7%, and 10%, respectively, following Bitcoin's rebound.
- *Market Capitalization*: The global crypto market cap jumped 1.45% to $3.12 trillion.
Future Outlook
- *US Jobless Claims and PCE Inflation*: Upcoming economic indicators, such as US jobless claims and PCE inflation data, may impact price trends and market sentiment.
- *Polymarket Prediction*: Polymarket gives a 25% chance of Bitcoin dropping to $95K before June ends, indicating uncertainty and potential volatility ¹.#Bitcoin Reserve Bill #Crypto Market Rebound