📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Recently, the cryptocurrency market has shown a significant upward trend, especially with Ethereum (ETH) and Bitcoin (BTC) performing particularly well. Let's delve into the reasons behind this surge.
Ethereum's recent performance has been remarkable, with a 64% increase over the past 90 days. This is not merely market speculation but has substantial support. Institutional investors' interest in ETH has surged, with BitMine investing nearly 3 billion USD in just a few weeks to become one of the largest holders of Ethereum. Other companies like Sharplink and Monarch are also continuously increasing their ETH holdings. Notably, ETH ETFs have seen net inflows for 8 consecutive weeks, accumulating over 60,000 ETH. The CME's ETH futures open interest has also risen to a high of 3.27 billion USD. These figures clearly demonstrate institutional investors' strong confidence in ETH.
From a policy perspective, the advancement of stablecoin legislation is a significant boon for ETH. Considering that most stablecoins are built on the Ethereum network, once retail giants like Walmart or Amazon enter this field, the demand for ETH may experience explosive growth.
Bitcoin has also performed well, recently breaking through $118,800, with its market capitalization briefly surpassing Amazon. This growth can be attributed to several factors: reduced policy uncertainty, a weakening dollar, and an increase in global risk appetite. It is worth noting that the current Bitcoin market is primarily dominated by large holders, with retail investors having relatively little influence, which alleviates selling pressure and makes it easier for prices to reach new highs.
Overall, the recent rise of ETH and BTC is not coincidental, but rather the result of multiple factors working together. For ordinary investors, it is important to maintain a long-term perspective and not lose confidence due to short-term fluctuations. This may just be the beginning of a larger market trend, and the long-term trajectory of the market is worth our continued attention.