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Gate Research: QANX Surges Over 22% in 24 Hours, the Nasdaq Signals Diverging Risk Appetite

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2026-07-03 03:14:27
Reading Time: 3m
Last Updated 2026-07-03 06:17:11
Gate Research Daily Report: On July 3, weaker-than-expected U.S. June nonfarm payroll data prompted markets to scale back near-term rate hike expectations, driving BTC back above $61,000 and lifting ETH toward $1,700, while most major altcoins also moved higher. On Gate’s top gainers list, MAGMA ranked first among tokens with a market capitalization exceeding $10 million, indicating that risk appetite has begun to spread toward higher-beta assets. However, the Crypto Fear & Greed Index remains in the Extreme Fear zone, suggesting that the current rally is better characterized as a technical recovery rather than the start of a broad market reversal.
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