Gate Research: AI Valuation Concerns Spread, Triggering a Global Risk-Asset Pullback

• Equities: U.S. technology stocks saw a sharp pullback, with the Nasdaq falling 2.6%. Hong Kong and South Korean equities also came under pressure, as the Hang Seng TECH Index dropped 5.03% and the KOSPI declined by around 3.5%.

• Market Commentary: BTC and ETH fell 3.23% and 3.25%, respectively, over the past 24 hours, with both major cryptocurrencies trading below short-term moving averages. The Fear & Greed Index stood at 48, indicating cautious market sentiment.

• Trending Tokens: BTR (+54.19%), MAGMA (+50.18%), and AKE (+33.84%) led the gains, with capital rotating primarily into BTCFi, Sui liquidity, and AI-powered content-creation themes.

• Alpha Insights: U.S. stablecoin reward rules preserve scope for platform yield products; the UK FCA released DeFi guidance; and U.S. spot BTC ETFs recorded approximately USD 528 million in net inflows in a single day.

Discover more details today → Gate Research: AI Valuation Concerns Spread, Triggering a Global Risk-Asset Pullback

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
October 23, 2026

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