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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!👇️
New Warning from the Expert Who Correctly Predicted Bitcoin Would Exceed $100,000! Here are the Details
Bitwise Asset Management Europe Director and Research Head Andre Dragosch believes that Bitcoin (BTC) may face more downward pressure in the coming weeks and could present a potential 'buying opportunity from the bottom' for long-term investors.
Experts Warn That Bitcoin Will Face More Turbulence After the Biggest Weekly Drop Since August
Bitcoin, the world's largest cryptocurrency by market value, experienced an 8.8% drop last week and fell to around $95,000. This indicates the sharpest drop since August, due to hawkish signals from the Federal Reserve.
The anticipation of fewer interest rate cuts in 2025 and the reconfirmation of the BTC holding ban in the Fed's statement contributed to a widespread sense of risk aversion in the markets.
Traditional financial assets were also affected by this, with the S&P 500 losing %2 while the dollar index reached its highest level since October 2022 with a %0.8 increase.
The yields of Treasury bonds rose sharply, with the 10-year bond gaining 14 basis points, indicating higher borrowing costs and increasing the attractiveness of fixed-income investments over riskier assets like cryptocurrencies.
“While it may seem likely to suffer more in the short term, considering Bitcoin's supply scarcity and ongoing structural tailwinds, this could represent an interesting buying opportunity.”
Despite short-term negatives, Dragosch remains optimistic about Bitcoin's long-term expectations.
The increasing adoption of BTC's fixed supply limit and its role as a store of value could position it as a strong protection against monetary instability.