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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!👇️
BTC/ETH Parity and Ethereum's Weakness
BTC/ETH parity is an important metric that shows Bitcoin's value against Ethereum. In recent months, this parity has been in favor of Bitcoin; that is, Ethereum has performed weaker compared to Bitcoin.
So why?
* The Impact of Spot Bitcoin ETFs: Spot Bitcoin ETFs, approved in January, attracted a large portion of institutional capital directly to Bitcoin. This increased Bitcoin's market dominance, while putting pressure on altcoins and therefore Ethereum. There was also an expectation of a spot ETF for Ethereum, but these approvals came later.
* Decrease in Network Activity and Competition: Some on-chain activity data on the Ethereum network has decreased. In addition, the rise of other layer 1 blockchains and layer 2 solutions such as Solana has partially dispersed the interest in Ethereum and increased competition by offering lower fees and better scalability.
* Institutional Accumulation Differences: Bitcoin's "digital gold" narrative and institutional investors' increasing concentration in Bitcoin have relatively reduced ETH's appeal in this process.
In summary, Bitcoin's strong support from ETFs, competition from other networks, and Ethereum's own dynamics have caused the BTC/ETH parity to trend in favor of Bitcoin in recent months.
Time will tell whether this situation will change with the approval of spot Ethereum ETFs.