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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
Analyst has determined the lowest and highest price that Bitcoin could reach in the next 90 days!
Economist Timothy Peterson, focused on Crypto currencies, made a remarkable assessment regarding the potential price movements of Bitcoin in a high interest environment. Peterson analyzed the past performance of Bitcoin after the high yield interest rates in the US exceeded 8%.
According to Peterson's statement, similar interest rate levels have been observed 38 times since 2010. In the three-month periods following these times, Bitcoin showed an increase of 71%. While the median gain during these periods was calculated at 31%, the largest loss experienced was limited to 16%.
According to the economist, this data indicates that Bitcoin could trade in the range of 75,000 to 138,000 dollars in the next 90 days.
Peterson also noted that the correlation between Bitcoin and the US Dollar has reached unprecedented levels in history. Emphasizing that this relationship reflects macroeconomic conditions affecting both assets rather than being causal, Peterson stated that this correlation has reversed direction as of 2024. Previously moving in opposite directions, Bitcoin and High Yield interest rates are now reacting to the same economic stress factors: tightening liquidity, high real interest rates, and a global risk aversion tendency.
At the end of his assessment, Peterson predicted that Bitcoin would break away from this correlation and rise again with the decrease in real interest rates and the return of liquidity to the markets.