🎉 #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
Ether Leads Crypto Market Higher as Bitcoin Attempts to Shrug Off Dip
Ethereum's ether (ETH) raced ahead on Wednesday, leading the crypto market higher after a modest dip earlier this week.
ETH broke above the $3,200 level for the first time since early February, gaining 6.5% over the past 24 hours, CoinDesk data shows. It's now ahead a full 22% over the past seven days.
Bitcoin (BTC) also bounced back above $119,000 during the early hours of the U.S. session, climbing 2.6%. The CoinDesk 20 index, a broad-based benchmark focusing on majors, was up 4.5%.
BTC investors bought this week's dip to $116,000 from record highs hand over fist, analytics firm Glassnode noted. According to the firm's data, market participants "stepped in aggressively," scooping up around 196,600 BTC ($23 billion) between the $116,000 and $118,000 levels.
Meanwhile, strong flows to spot exchange-traded funds and continuous bid from crypto treasury firms are providing a tailwind for ETH.
U.S.-listed spot ETH ETFs booked record inflows over $900 million last week, accounting for 29% of all inflows this year, Anagram partner David Shuttleworth noted. At $450 million with only two days into the week, inflows could surpass $1 billion this week, he added.
Sharplink Gaming (SBET) revealed this week it acquired more than 74,000 ETH with $257 million capital remaining for further purchases, while Bitmine Immersion (BMNR) bought over $500 million of the asset.
Read more: Altcoin Season Returns? Bitcoin Consolidates With ETH, SUI, SEI Among Those Taking Charge
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