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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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Learn more: https://www.gate.com/announcements/article/46166
- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
The next bull market prophet could be you! Want your insights to hit the Square trending list and earn ETH rewards? Now’s your chance!
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1.Join the Hot Topic Debate!
Post in Gate Square or under ETH chart with #ETH Hits 4800# and #ETH# . Share your thoughts on:
Can ETH break $4800?
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
To join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🚨 Gate Alpha Ambassador Recruitment is Now Open!
📣 We’re looking for passionate Web3 creators and community promoters
🚀 Join us as a Gate Alpha Ambassador to help build our brand and promote high-potential early-stage on-chain assets
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Bitcoin Edges up After Trump Says He Won’t Fire Powell
U.S. President Donald Trump told reporters on Wednesday that his administration is not planning on firing Federal Reserve Chairman Jerome Powell, despite rumors claiming otherwise.
Trump Softens Stance on Powell, Bitcoin Climbs
Bitcoin ( BTC) reclaimed $119K on Wednesday after U.S. President Donald Trump shut down rumors that his was on the verge of firing Fed Chair Jerome Powell. Reporting from CNBC claims that an unnamed White House official confirmed on Tuesday that the president, after consulting with a group of Republican lawmakers, made a verbal commitment to get rid of Powell for being overly hawkish.
Trump has launched multiple public attacks on the Fed chair, criticizing him for dragging his feet and costing the country “one trillion dollars a year” in national debt payments by maintaining the target interest rate between 4.25% and 4.50% instead of slashing it by three points.
But despite the Tuesday rumor, and Trump’s public criticism of Powell, the president took a softer stance on Wednesday. “We’re not planning on doing it,” Trump said after being questioned about his alleged plan to sack the Fed chair, before adding a caveat. “I won’t rule anything out.”
Overview of Market Metrics
Bitcoin was trading at $118,946.51 at the time of writing, up 1.95% over 24 hours. The digital asset has been trading between $116,241.60 and $119,929.93 since yesterday and has jumped 7.74% over seven days.
Total open interest for BTC futures rose 2.27% over 24 hours, reaching $87.63 billion, according to Coinglass. Bitcoin liquidations reached a total of $54.91 million for the day. Bears with short positions had $42.05 million wiped out, and longs had a smaller $12.86 million in liquidations.