#Gate.io App 全新升级

Currently, multiple indicators show that the market is developing positively, including: Bitcoin has now surpassed the short-term holder cost basis level of (, which is approximately $92,900 ), marking an important on-chain turning point that typically signifies a transition from the correction phase to a new bullish momentum; additionally, positive signals in market structure include the profit supply percentage indicator rebounding to 87.3%, reflecting an improvement in market health and an enhancement in investor profitability.

Furthermore, the Fed has recently relaxed regulations on crypto assets and withdrawn previous regulatory requirements for the U.S. banking industry. This will promote innovation and simplify the process for banks to engage in cryptocurrency and dollar token activities. This move demonstrates a more supportive and adaptive regulatory attitude by the U.S. towards the digital asset industry, injecting a shot of confidence into the crypto market.