After a strong sell-off over the weekend, dropping from above $80,000 down to a low of $74,000, BTC is experiencing a slight recovery and stabilizing around the $77,000-$79,000 range. The overall crypto market is in a risk-off correction phase, influenced by high US inflation data, the Fed delaying interest rate cuts, and the strength of the USD. However, there are signs of a rebound with inflows into spot BTC ETFs recently, and some analyses suggest that $75,000 is an important support zone – if maintained, it could test $80,000-$82,000 again.

Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl