💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
Factors that have contributed to the drop
Elon Musk's statements: Elon Musk's tweets about the possible sale of Bitcoin (BTC) by Tesla and the reduction of its value as a method of payment have generated instability in the market.
Regulation: The prohibition of the use of cryptocurrencies for purchases in Turkey and concern about future regulation in other countries have generated uncertainty and downward pressure.
Power outages in China: The reduction in mining capacity in China, one of the most important regions for Bitcoin mining, has affected the availability of BTC and contributed to the drop.
Correction expectations: After a major rally in 2021, many investors have been anticipating a natural correction in the crypto market, which has led to a massive sell-off and a decrease in prices.
Sales volume: The sales volume in the last 24 hours has been high, indicating strong downward pressure in the market.