New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
As of May 19, 2025, Bitcoin (BTC) experienced significant volatility, reflecting the broader uncertainty in the cryptocurrency market. The price surged to a high of $106,847.62 before retreating to around $103,011, marking a 0.9% decline over the past 24 hours . This fluctuation led to over $600 million in crypto derivatives positions being liquidated, catching both bullish and bearish traders off guard .
Despite the price dip, institutional interest in Bitcoin remains strong. Michael Saylor's Strategy acquired 7,390 BTC for approximately $765 million, while Japan's Metaplanet added 1,004 BTC to its holdings . These acquisitions underscore a growing trend of corporate accumulation, even amid market turbulence.
The recent volatility is attributed to a combination of factors, including macroeconomic concerns like the U.S. credit rating downgrade and inflation fears . Additionally, the crypto market's overall capitalization decreased by 3.3% over the last 24 hours, now standing at $3.36 trillion .
In summary, while Bitcoin's price has faced short-term setbacks, the sustained interest from institutional investors suggests confidence in its long-term value proposition.