Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
The crypto market loses $90 billion in just one hour
The cryptocurrency market lost about $90 billion of its value within an hour, in one of the fastest sudden crashes this year.
The total market capitalization declined from approximately $3.11 trillion to about $3.02 trillion before stabilizing later near the $3.03 trillion level.
This decline came amid volatility in the crypto market following the US Federal Reserve's decision to cut interest rates by 25 basis points. A rate cut is usually seen as a supportive factor for high-risk assets like Bitcoin, as it reduces investors' appetite for holding dollars and encourages seeking higher returns.
However, this time, the cryptocurrency market did not react as expected, with most cryptocurrencies recording collective declines, and Bitcoin dropping about 2.33% over the past 24 hours to $90,368.
$BTC
$SOL $BNB
#GateNovTransparencyReportReleased
#FedRateCutComing
#CryptoMarketRebound
#DecemberMarketOutlook
#BitcoinPriceWatch