Gate News Bot Message, February 11 — According to CoinMarketCap data, at the time of publication, POWER (Power Protocol) is trading at $0.41, up 43.26% in the past 24 hours, with a high of $0.45 and a low of $0.18. Its current market capitalization is approximately $86.2 million, an increase of $26 million from yesterday.
Recent Important News:
1️⃣ Demand for AI Infrastructure Drives Increased Attention to Power Assets
As the demand for AI computing power explodes, the need for stable electricity supply has become a key link in the industry chain. Power protocol tokens are therefore receiving significant market attention, as their value in supporting AI infrastructure development becomes more prominent, serving as an important background for this round of price increases.
2️⃣ Bitcoin Mining Cycle Boosts Related Industry Chain Linkages
The expansion and deployment of Bitcoin mining companies have directly increased demand for electricity resources and energy solutions. Progress in mining farm construction projects in Kentucky, Maryland, and other locations, as well as explorations into innovative gas energy utilization, have created sustained demand for electricity-related assets, prompting the market to reevaluate assets in this sector.
3️⃣ Technical Indicators Show Strong Upward Momentum
The price quickly rebounded from an intraday low of $0.18 to a high of $0.45, a rise of over 150%, indicating clear buying pressure in the market. The current price stabilizes around $0.41, with a market cap increase of $26 million, reflecting investor confidence recovery and a breakout technical upward trend.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot gold rose $100 intraday, currently at $5023.15 per ounce.
Odaily Planet Daily reports that according to Gate data, spot gold has risen $100 intraday, currently at $5023.15 per ounce, a 2.04% increase. New York futures gold has increased over 2% intraday, reaching up to $5050 per ounce.
GateNewsBot33m ago
In the past hour, the entire network has liquidated $103 million, mainly short positions.
Odaily Planet Daily reports that Coinglass data shows that in the past 1 hour, the total liquidation across the network was $103 million, including $99.52 million in short liquidations, $5.26 million in long liquidations, as well as $56.36 million in BTC liquidations and $31.02 million in ETH liquidations.
GateNewsBot1h ago
Bitcoin and Ethereum ETFs Record Outflows While Solana ETF Sees Inflows on Feb 13
Gate News bot message, according to the February 13 update, Bitcoin ETFs recorded a 1-day net outflow of 5,042 BTC (approximately $339.68 million) and a 7-day net outflow of 826 BTC (approximately $55.65 million). Ethereum ETFs showed a 1-day net outflow of 73,075 ETH (approximately $144.84 million)
GateNewsBot2h ago
After the CPI data was released, Michael Saylor posted: "I'm going to invest in Bitcoin today."
Odaily Planet Daily reports that after the CPI data release, Michael Saylor, founder of Bitcoin treasury company Strategy, posted on the X platform: "Go invest in Bitcoin today; monetary issues won't resolve themselves."
GateNewsBot3h ago
Philion Says Flare is Transforming XRP to the Pre-eminent Tokenization Platform
Hugo Philion, CEO of Flare Labs, believes Flare can help move XRPL beyond its focus on payments and turn it into a leading platform for tokenization.
Philion suggested that Flare’s technology allows XRP to participate in decentralized finance at an institutional level. He added that Flare can help
TheCryptoBasic3h ago
The Israeli military is hunting for spies on Polymarket
Israeli Defense Forces reservists and civilians have been charged for placing bets on military secrets on Polymarket,涉嫌 insider trading. This incident highlights the risks of unfair competition and insider involvement in prediction markets, especially in sensitive areas like war. It calls for potential future regulation to prevent similar issues.
区块客4h ago
