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Spot
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Trade new tokens before they are officially listed
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Alpha
Points
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Leveraged Tokens
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
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Demo Trading
Futures Kickoff
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Demo Trading
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Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Activity Center
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Referral
20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate Blog
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Proof of Reserves
Gate promises 100% proof of reserves
Bitcoin continued its struggle to gain support on Thursday, recording volatile but limited moves. The latest US Producer Price Index (PPI) data confirmed industrial inflation slowdown, in line with Wednesday's Consumer Price Index (CPI) report.
Although these indicators reinforced the declining inflation trend, Bitcoin failed to benefit from the news, and its decline extended for the third consecutive day.
Bitcoin price movement | BTC
Bitcoin price movement | BTC
Bitcoin opened trading on Thursday at $83,700, but faced rapid selling pressure, dropping by 4% to hover above $81,000 at the time of writing this report. The $79,000 level was tested earlier in the session, indicating weak support as market sentiment continues to weaken.
With the continuing overall economic uncertainty and looming concerns about trade policy, traders continue to move cautiously, avoiding aggressive buying even in the face of positive inflation data.