📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Bitcoin Surpasses Historical Peak, Becomes the 5th Largest Asset in the World by Market Capitalization
Bitcoin has continued to make history by surpassing its old price record on Thursday morning ( Asia time ), in line with the rise to the sky of the American stock market, amid a wave of investors pouring funds into risky assets ahead of important macroeconomic events. According to market data, BTC has climbed above 124,000 USD, surpassing the peak of July 14 at 123,205 USD, before experiencing a slight profit-taking. This bullish momentum comes right after the S&P 500 index closed at a record high for the second consecutive session, indicating that Bitcoin is responding in tandem with American stocks as both benefit from a positive macro environment. Breakthrough in Market Capitalization – Surpassing Google The breakout has made Bitcoin the fifth largest asset globally by market capitalization, surpassing Google with a figure of 2.4 trillion USD. Currently, the market capitalization of BTC reaches 2.46 trillion USD, while Ethereum (ETH) – the second largest cryptocurrency – has also risen to nearly 575 billion USD. Together, they currently account for about 70% of the total cryptocurrency trading volume. This upward trend is the result of a year of accumulated optimistic sentiment from investors, driven by: A friendlier management policy under President Donald Trump. The spread of the strategy of holding BTC in corporate treasury, started by Michael Saylor and MicroStrategy (MSTR), has now been adopted by many smaller businesses. A similar trend is gradually emerging in the Ethereum support community. Support From Macroeconomic Factors The inflation report from America this week was as forecasted, reinforcing expectations that the Federal Reserve (Fed) will lower interest rates in September. Low interest rates usually help boost the valuation of risky assets by easing financial conditions, thereby creating a spillover effect from blue-chip stocks to more volatile assets like cryptocurrency. Technical Outlook According to technical analysts, once BTC has firmly surpassed the resistance level of 120,000 USD, the next target could be in the range of 135,000–138,000 USD if the upward momentum continues to be maintained.