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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!👇️
Don’t See This Crypto as a Risk? ‘You’re Dumb,’ According to Dave Ramsey
Personal finance expert Dave Ramsey says a sole investment in bitcoin without seeing the risk is a dumb idea. He might not be entirely off the mark, either.
Explore More: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You
Check Out: 8 Common Mistakes Retirees Make With Their Social Security Checks
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View Offer Powered by Money.com - Yahoo may earn commission from the links above. Bitcoin is fundamentally volatile, but less so than many large and popular stocks such as Netflix (NFLX). Bitcoins’ realized volatility over a 90-day timeframe averaged 46%, while Netflix averaged 54%.
However, while investors this year have been moving from gold to bitcoin, gold remains the better performer year-to-date — up 23.8%, according to Bloomberg — outperforming bitcoin and hitting a new all-time high earlier this year.
Make Sure You Have Money To Burn
From 2020 to 2024, bitcoin has been three to nearly four times as volatile as various equity indices, which is especially notable as “equity indices are typically considered the riskiest part of modern traditional portfolios due to their historical volatility”, according to Fidelity.
Ramsey said he comes across young people who say they’ve invested everything they have in bitcoin and they don’t have anything else. He equates it to the same deal as gambling in Vegas.
“If you chart bitcoin and you don’t see risk, you’re dumb,” he said on a recent podcast. “It’s all over the freakin’ world and that tells you it’s a highly volatile, short-term play and you’re trying to ride this thing out.”
Read Next: 4 Secrets of the Truly Wealthy, According To Dave Ramsey
Ramsey added it’s got the “cool factor” because it’s related to technology and people want in on it because it’s a fad.
He advised, however, that you just need to be comfortable with the amount of money you put into bitcoin and its potential loss, saying, “Just be able to burn the amount of money you put in there, in the middle of the kitchen table, and not miss it.”
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This article originally appeared on GOBankingRates.com: Don’t See This Crypto as a Risk? ‘You’re Dumb,’ According to Dave Ramsey
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