🚀 Gate Square “Gate Fun Token Challenge” is Live!
Create tokens, engage, and earn — including trading fee rebates, graduation bonuses, and a $1,000 prize pool!
Join Now 👉 https://www.gate.com/campaigns/3145
💡 How to Participate:
1️⃣ Create Tokens: One-click token launch in [Square - Post]. Promote, grow your community, and earn rewards.
2️⃣ Engage: Post, like, comment, and share in token community to earn!
📦 Rewards Overview:
Creator Graduation Bonus: 50 GT
Trading Fee Rebate: The more trades, the more you earn
Token Creator Pool: Up to $50 USDT per user + $5 USDT for the first 50 launche
Last night, the three major U.S. stock indices fell collectively. The Dow Jones dropped by 1.2%, the S&P 500 fell by 0.90%, and the Nasdaq also couldn't hold up, closing down by 0.84%.
The selling pressure from the traditional market has directly dragged down the cryptocurrency sector. Funds are seeking safety, and sentiment is contracting. The weaker the tech stocks, the harder Bitcoin and Ethereum—these high-beta assets—fall. After all, their 30-day correlation with the Nasdaq 100 has surged to around 0.80. What does this number mean? It's the highest point since 2022.
In simple terms, the current crypto market is almost tied to the tech sector of the US stock market. When the Nasdaq sneezes, BTC catches a cold.