🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
The cryptocurrency market has seen a widespread rise today, with game-related tokens performing particularly well. Illuvium (ILV) soared over 75% in the last 24 hours, reaching a price of $22.27. Meanwhile, Magic (MAGIC) also recorded a significant increase of 48%.
This strong rebound seems to indicate that the market has recovered from last week's panic. Notably, despite a record net outflow of Ethereum ETFs, it has not suppressed the upward momentum of small cryptocurrencies (altcoins). This phenomenon may suggest that large funds are making strategic placements at lower levels.
The current bull market cycle may not be over yet, and investors should closely monitor the trends of gaming-related tokens. In the short term, this sector may attract more capital inflow. However, given the high-risk nature of the cryptocurrency market, it is advisable for investors to remain cautious and avoid putting all their funds into it. Diversification and risk management remain key strategies for participating in this market.