New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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#数字资产动态追踪 Precious metals plunge stirs market nerves. After the CME raised futures margin requirements for the second time, gold sharply dropped to $4354 per ounce, and silver plummeted 3% in a single day. This wave of shock has already spread to the crypto territory.
In the short term, liquidity is tight at the end of the year, and the sharp fluctuations in traditional safe-haven assets can easily trigger cross-market panic—cryptocurrencies, as high-risk assets, are the first to be affected. Institutions may sell digital assets to meet margin pressures, which will further increase selling pressure. Currently, the correlation between $BTC ETH and other crypto assets and risk assets is rising, and the chain reaction of "precious metals falling, crypto following suit" is also hard to avoid.
But don’t over-worry. In the long run, by 2025, cryptocurrencies will have stabilized on the high-risk asset track, with clear differences from the safe-haven characteristics of gold and silver. This wave of volatility is essentially liquidity disturbance, not a trend reversal. The key is to keep an eye on BTC’s critical support levels and ETF fund movements, and avoid blindly following the trend.