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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Crypto Market Shows Negative Correlation with Nasdaq100 as Markets Cool Down
Gate News bot message, crypto markets demonstrate a significant decoupling from traditional equities, recording a -0.82 correlation with the Nasdaq100. Following August's rally, the market entered a cooling period with derivatives data indicating elevated temperatures.
Current market statistics show Bitcoin trading at $110,041 with a 2.72% decline, while Ethereum stands at $4,386, down 4.30%. The Fear & Greed Index maintains a neutral position at 50, with total market capitalization at $4.04T. The past 24 hours witnessed $341M in liquidations.