#BTC Major cryptocurrencies collectively tumble, with Bitcoin testing 83k and the Fear & Greed Index at 64—will support break?
Selling pressure in the crypto market continued to intensify this week. Bitcoin fell 2.46% over 24 hours, hitting a low of 82787; Ethereum fell even more, dropping 4.39% to 2577 and breaking below the 2600 level. SOL fell 3.35% to 116.5; XRP fell 4.86% to 1.4243, with all four major cryptocurrencies weakening.
Total liquidations across the crypto derivatives market reached $712 million, with more than 123k people forcibly liquidated. The largest liquidation order appeared on the An'an ETHUSDC trading pair, amounting to as much as $26.64 million.
The sharp rise in 30-year U.S. Treasury yields dragged down U.S. stocks, and Bitcoin followed lower.
Macro news: U.S. Treasury yields hit their highest level since 2002, while the S&P 500 and Nasdaq indexes retreated from their highs. Minutes from the Federal Reserve's September meeting signaled that another rate hike may come at the end of the year, heightening risk aversion, pressuring risk assets, and affecting the crypto market.
Major cryptocurrencies broadly declined, with SOL and XRP both falling more than 3%. Capital continued to flee altcoins and move into stablecoins for safety.
BTC technicals: It closed below the Bollinger middle band, while the RSI remained neutral. The price is below the 20-day moving average but above the 50-day and 200-day moving averages. The bearish MACD signal strengthened.
Resistance: the 20-day moving average and the Bollinger upper band; support: the Bollinger lower band and the 50-day moving average, followed by the 30-day low.
The Fear & Greed Index has fallen to 64. Over the past eight days, the index has fluctuated between 64 and 74; it was still at 71 yesterday but pulled back today, showing that enthusiasm for chasing gains has waned, though the market has not yet reached panic levels. Macroeconomically, rising Treasury yields are weighing on risk assets, while the Federal Reserve's signal that another rate hike may come at the end of the year continues to affect market sentiment.

#GateMoneyOfficiallyLaunches
GATE MONEY IS LIVE — AND GATE IS AIMING FOR SOMETHING MUCH BIGGER THAN AN EXCHANGE
Gate Money officially launches with a bold idea: One Gate, Everything Money.
At first glance, Gate Money may look like another expansion of the Gate ecosystem. But the bigger story is the attempt to bring different parts of modern finance into one connected experience.
For years, financial services have been divided into separate platforms. You might use one app for crypto, another for stocks and ETFs, a bank for fiat, a payment service for spending, and yet another platform for international transfers. Moving between these systems can create unnecessary friction, especially when you are managing multiple currencies and different types of assets.
Gate Money is built around a different direction.
The goal is to bring digital assets, fiat, stocks, ETFs, gold, banking, payments and wealth management closer together inside one broader financial ecosystem.
That creates an important shift in how the Gate App can potentially be used.
Instead of thinking about an asset as something that simply sits inside an account, Gate is moving toward an environment where users can potentially hold, convert, manage, move and use value across different financial scenarios.
Imagine having digital assets in one place, traditional financial assets in another, and cash somewhere else. Normally, moving between those worlds requires multiple platforms and several steps. Gate Money is attempting to reduce that fragmentation by connecting more of those functions under one ecosystem.
FROM TRADING PLATFORM TO FINANCIAL ECOSYSTEM
This is perhaps the most important part of the launch.
Gate has already built a major presence around digital-asset trading, but Gate Money suggests a much broader ambition.
The future Gate App could become a place where users do more than simply buy and sell crypto.
It could become a financial hub where users manage different asset classes, access payment services, handle fiat, explore investment opportunities and move money across borders.
That broader approach matters because the boundaries between traditional finance and digital finance are becoming increasingly blurred.
Crypto is no longer operating in isolation.
Users increasingly want access to multiple forms of value without having to constantly switch between different financial providers.
Gate Money is positioning itself around that trend.
THE MULTI-ASSET APPROACH
Another major point is the range of financial categories connected to the vision.
Gate Money brings attention to crypto, fiat currencies, stocks, ETFs, gold, banking and payments.
Each category serves a different purpose.
Crypto can provide exposure to digital assets. Stocks and ETFs offer access to traditional markets. Gold provides another form of asset exposure. Fiat supports everyday transactions. Banking and payments connect those assets to real-world financial activity.
Connecting these areas could create a more flexible experience for users who do not want their financial lives divided across five or six different applications.
CROSS-BORDER FINANCE COULD BE A BIG OPPORTUNITY
The international side is also worth watching closely.
Gate has outlined ambitions to expand its financial services into additional global markets, support more currencies and develop use cases around international transfers, collections and asset management.
For users who regularly move money between countries, deal with different currencies or participate in global markets, reducing friction could be extremely valuable.
Cross-border finance remains complicated in many parts of the world. A more connected digital financial ecosystem could potentially make these processes faster, simpler and easier to manage.
Of course, the key word is execution.
Launching the vision is one thing. Building reliable infrastructure, obtaining the necessary approvals, expanding availability and delivering a smooth user experience across different markets is a much bigger challenge.
WHY THIS LAUNCH MATTERS
The real significance of Gate Money may not be one individual feature.
It is the direction.
Gate appears to be moving from the idea of being primarily an exchange toward becoming a broader financial ecosystem where users can manage assets, move value and potentially use those assets in everyday financial activities.
Explore Gate Money here:
https://gate.com/money/?ref=VgJCUQ
If Gate can successfully connect these services while maintaining security, accessibility and a strong user experience, Gate Money could become an important part of the company's long-term strategy.
The product is still developing, and global availability will matter. But the ambition is clear.
Gate Money is not simply about adding another service to Gate. It is about changing what the Gate App can ultimately represent.
From trading to investing.
From holding to spending.
From crypto to multi-asset finance.
From one platform to an interconnected financial ecosystem.
That is the bigger story behind Gate Money — and its next stage of development could be even more important than the launch itself.
#GateMoney正式上线 #OneGate见证计划 #ShareWeekly #weeklyshare @Gate_Square