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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.