📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
What to Expect from Bitcoin and Ethereum Moving Forward? Has the Plummet Trend Ended? Experienced Analyst Reveals Critical Levels!
***As the tariff war between the USA and China continues with mutual retaliation, Bitcoin (BTC), Ethereum (ETH) and other altcoins are showing a mixed trend.
With Trump’s decision to suspend a large portion of mutual tariffs for 90 days, the rising BTC and altcoins are giving back their gains as China and the US continue their tariff war.
While uncertainty due to tariffs continues in the markets, FxPro analyst Alex Kuptsikevich shared his current analysis for Bitcoin and Ethereum.
Speaking to Barron’s, Alex Kuptsikevich noted that Bitcoin and altcoins reacted to the news of Trump suspending tariffs by rising, but they did not rise as much as the stock markets.
At this point, the analyst, noting that the volatility in the cryptocurrency market continues, stated that whether BTC can break out of its correction trend will be determined by its movements around the 80 thousand dollar mark.
Kuptsikevich, stating that the real test for Bitcoin has now begun, expressed that it is still a bit early to say that the correction trend has ended:
The analyst lastly stated that Ethereum has also recovered recently, but it is important to see whether it can break through the resistance at $1,900 to say that the correction trend has ended.