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Gate Square New & Returning Creator Rewards are ongoing!
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WLD Sees Profit-Taking After Strong Rally
Worldcoin (WLD) dropped 2.01% over the past 24 hours, lagging behind the broader crypto market's 1.53% decline. This pullback follows an impressive 7-day surge of 26.6%, suggesting traders are locking in gains after the recent rally.
Several factors are driving the correction:
**Market-Wide Headwinds**: The cryptocurrency market cap is down 1.53%, creating risk-off sentiment that's particularly harsh on altcoins. When investors retreat to safety, smaller assets tend to suffer the most.
**Bitcoin's Growing Dominance**: Bitcoin dominance has climbed to 58.17%, indicating capital is flowing back to the largest cryptocurrency. This shift away from alts is a typical pattern during market uncertainty, as traders prioritize BTC's relative stability and liquidity.
For WLD holders, the current price action isn't unusual after such a strong pump. Consolidation phases often precede the next leg of a move, but the uptick in Bitcoin dominance suggests altseason headwinds remain in play for now.