📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
On this leisurely weekend, the cryptocurrency market shows a standard market closure state. The price of Bitcoin (BTC) remains slightly volatile, with both trading volume and turnover rate significantly declining, and the daily BTC turnover is less than 40,000 coins. This sluggish trading atmosphere reflects the cautious attitude of the overall market.
Meanwhile, the macroeconomic and political fields have also entered a brief period of tranquility. Although the Secretary of Commerce routinely criticized Federal Reserve Chairman Powell, there has been little movement elsewhere. Even Trump, who often causes market fluctuations, has remained silent. Notably, there are no important economic data releases next week, and market participants may turn their attention to the words and actions of political leaders.
From a trader's perspective, this low-volatility market environment presents potential opportunities for grid trading strategies. However, some traders prefer manual trading, believing it helps cultivate a keen awareness of price movements. This weekend, some traders successfully completed five round-trip trades.
Despite the reduction in trading activity, Bitcoin's key support level remains solid. This stable market condition may be a cause for celebration, as the arrival of August could bring a new round of tariff battles for the global economy. At that time, the cryptocurrency market may face a more turbulent situation.
Overall, this calm weekend has provided investors and traders with a breather, allowing them to prepare for potential market fluctuations that may come. In the face of future uncertainties, market participants need to remain vigilant and closely monitor the direction of global economic policies and their potential impact on the encryption market.