Gate Research Institute: BTC Breaks Key Support, Gate Launches U.S. Stock Spot Trading

Market Commentary: Over the past 24 hours, the crypto market continued to face pressure. BTC broke below the daily Bollinger mid-band and retreated to around $71,000, while ETH maintained volatility near the $2,000 mark. Market sentiment remains in the fear zone. The altcoin market overall showed weak performance, with funds continuing to rotate around localized hotspots. Trending Tokens: ESPORTS (+50.10%), WLD (+21.16%), HOME (+16.54%) led the market gains. GameFi, AI identity, and DeFi aggregation have become the relatively active areas for fund allocation at present. Alpha Insights: Gate announced the launch of stock trading services, allowing users to participate in stock and ETF trading using USDT, further promoting the connection between the crypto market and the traditional financial system. Meanwhile, the scale of virtual asset trading in Hong Kong continues to grow, Vietnam is considering allowing digital assets as collateral for bank loans, and the trend of digital asset regulation and TradFi integration in Asia is accelerating. On the other hand, the NFT market remains sluggish, with OpenSea shifting to perpetual contract services amid a sharp decline in revenue. Explore today's details → Gate Research Institute: BTC Breaks Key Support, Gate Launches U.S. Stock Spot Trading Gate Research Institute is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hotspot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis. Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate is not responsible for any losses or damages caused by such investment decisions. Gate Team June 2, 2026