Gate CEO Dr. Han confirmed that the cryptocurrency market is currently in a bear phase, with the total market capitalization dropping from $4 trillion to approximately $2.4 trillion and Bitcoin’s price falling sharply from its previous highs. He highlighted fast growth in crypto payment cards and expressed optimism about the Real-World Assets (RWA) and TradeFi sectors as possible catalysts for the next market breakout. According to Dr. Han, besides stablecoins, there is rapidly increasing assets under management in on-chain tokenized commodities and financial instruments such as gold, silver, forex, and stocks.

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