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Gate Square New & Returning Creator Rewards are ongoing!
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Today, the cryptocurrency market sentiment has become cautious, with a general pullback. Bitcoin price temporarily dropped below $91,000, and Ethereum (ETH) also struggled to stand out, declining about 3.84% in 24 hours, with prices around $3,138. The market as a whole has retreated from recent highs, and the rebound momentum has slowed. This correction is related to multiple factors. On one hand, the market is undergoing a technical adjustment after continuous gains; on the other hand, although the Crypto Fear & Greed Index has recovered from extreme fear, it still remains in the "Fear" zone (42), indicating that investor confidence has not fully recovered. Except for some sectors like SocialFi which remain relatively resilient, major sectors such as RWA and Layer2 have all experienced declines.