🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Report: Tether supply slowing down indicates cooling of the crypto market
Golden Finance reported that, according to Copper's report, as of June 24, the monthly supply growth of Tether (USDT) was less than 1.5%, significantly lower than the over 5% in April and May. The trading volume of USDT decreased from a historical high of $767.2 billion on March 11 to $53.5 billion on June 24. With a market capitalization of $113 billion, the slowing supply growth indicates a decrease in funds flowing into the cryptocurrency market. In addition, the daily outflow of the Bitcoin market has recently increased significantly, with over $540 million flowing out last week. In the past 30 days, the price of Bitcoin has dropped over 10%, from $68,000 to $62,000. Macro-economic pressures also affect the cryptocurrency market. According to ETC Group's report, the downward revision of global growth expectations and the increased risk of a US economic recession may continue to pose challenges to the price of Bitcoin.