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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!👇️
The Ethereum ETF in the United States has seen a net inflow of funds for 4 consecutive weeks, indicating a significant shift in investor sentiment.
After a dismal performance at the beginning of the year, the US Ethereum spot ETF has successfully reversed its fortunes in the past few weeks. This positive trend reflects a significant shift in investor sentiment towards Ethereum since the beginning of the second quarter of this year.
According to data from SoSoValue, the net inflow into the US Ethereum ETF last Friday (June 6) was $25.22 million, marking the 15th consecutive day of capital inflow. This is also the second longest period of consecutive inflow since the ETF debuted in July 2024.
Among them, BlackRock's iShares Ethereum Trust (stock code: ETHA) had a net inflow of $15.86 million last Friday, accounting for most of the daily capital inflow.
Grayscale's Ethereum Trust ( ETH ) is the only U.S. Ethereum ETF fund that has experienced net inflows, with a total net inflow of 9.37 million dollars on Friday. Ethereum spot ETF weekly fund performance It is worth noting that in the past week, the weekly net inflow of the Ethereum spot ETF was slightly above $281 million, marking the fourth consecutive week of inflows for the Ethereum ETF. In the previous trading week (from May 26 to May 30), the total net inflow of the Ethereum ETF also exceeded $285 million.
According to market statistics, the net inflow of the US Ethereum spot ETF has accumulated nearly $857 million in the past 4 weeks. This positive performance over several consecutive weeks reveals a significant shift in investor sentiment towards Ethereum. At the same time, the shift in investor sentiment in the Ethereum spot ETF market is also reflected in the performance of the ETH market price over the past few weeks, as this altcoin has rekindled interest and demand, with its value increasing by 7% in the past 30 days.
As of now, the market price of Ethereum is approximately $2,501, with a decline of over 0.6% in the past 24 hours. However, according to data from CoinGecko, the price of this altcoin has decreased by 1.1% over the past seven days. Bitcoin spot ETF market performance In contrast, the Bitcoin spot ETF in the United States performed well for most of last month, until it ended on May 29. Since then, the daily inflows and outflows of cryptocurrency-related financial products have been uneven.
According to data from SoSoValue, last Friday, the total net outflow of BTC spot ETF was $47.82 million, and over the past week, the net outflow was nearly $129 million.
As of now, the market price of Bitcoin is approximately $105,638, with an increase of over 0.1% in the past 24 hours. However, according to CoinGecko data, the price of this "digital gold" has only risen by 0.2% in the past seven days. Conclusion: In summary, Ethereum has regained investors' favor after experiencing a slump at the beginning of the year, thanks to its technological advantages and market potential. Meanwhile, the inflow of Bitcoin ETFs has slowed, reflecting the internal differentiation in the cryptocurrency market. Whether this change heralds the arrival of altcoin season is worth close attention from investors. However, the cryptocurrency market is highly volatile, and there is still uncertainty regarding future trends. Investors must fully consider their own risk tolerance when participating in related investments, closely monitor market dynamics and policy changes, and make rational decisions. #以太坊ETF # Bitcoin ETF # Fund Flow Trend