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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!👇️
Encryption market zone sees a general rise: PayFi zone leads with a 22.26% increase, while AI zone pulls back by 1.82%
gate News: According to Odaily, on December 2, based on SoSoValue data, the crypto market zone is generally pumping, with PayFi leading the way with a 24-hour increase of 22.26%. It is worth following that within the zone, Dash (DASH) has increased by 37.94%, XRP (XRP) has increased by 26.64%, and Litecoin (LTC) has increased by 22.74%.
Other highlighted zones include: Meme zone pump 6.56%, the top 3 tokens in terms of Market Cap in the zone, Dogecoin (DOGE), Shiba Inu (SHIBA), and Pepe (PEPE) with respective gains of 7.02%, 9.09%, and 7.4%; Non-fungible Token zone pump 5.87%, with Blur (BLUR) pumping 12.85%. DePIN zone pump 5.42%, with IOTA (IOTA) pumping 35%, Helium (HNT) pumping 12%, and FIL (FIL) pumping 8.22%.
At the same time, the AI zone, which pumped strongly last week, encountered a pullback, with a 1.82% decrease in 24H, and Virtuals Protocol (VIRTUAL) inside the zone fell by 18.11%.