🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Bitcoin Transitioning to Safe-Haven Asset as Volatility Plunges
The relative volatility of the world's leading cryptocurrency by market cap has been in a massive downtrend over the past several months
In fact, Bitcoin is becoming less volatile relative to the S&P 500, the major stock market index
Historically, Bitcoin was viewed as an extremely risky asset due to its high volatility compared to traditional markets.
Now, however, its volatility ratio has dwindled, and Bitcoin is behaving more like a traditional asset
Andre Dragosch, head of research at Bitwise, has noted that Bitcoin is now transitioning from a risky asset to a safe-haven asset.
Over the past several weeks, Bitcoin has been mostly range-bound. Earlier today, the cryptocurrency spiked to an intraday high of $110,386, according to CoinGecko data