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Gate Square New & Returning Creator Rewards are ongoing!
Your ideas may be more valuable than you think!
Make your first post or come back post to share a $20,000 monthly prize pool!
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#BTC Market Correction Triggered by Panic
The recent market volatility has seen a staggering $100 billion liquidation in the crypto ecosystem. This major capital outflow was primarily driven by a 4% drop in Bitcoin and Ethereum prices, dragging down the overall market. Investors are staying cautious, anticipating increased volatility due to upcoming CPI data and the Federal Reserve's interest rate decision.
Bitcoin and Ethereum Leading the Decline
Bitcoin's price dropped from $70,195 to $67,325 in the last 24 hours, indicating a decrease in interest in both spot and derivative markets. Similar trends were observed in Ethereum, fluctuating between $3,514 and $3,711. This decline in the two largest cryptocurrencies triggered a widespread selling wave in the market, causing a shock effect.
NOT INVESTMENT ADVICE.
#BTC
#ContentStar
#GateioInto11
#HotTopicDiscussion
#ETH