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- 🎁 12th Anniversary Celebration – Reward Distribution Notification
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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!👇️
#GT# #BTC# #XRP# #ETH# #DOGE# 📊💯🎯💸🚀🚨🌐🔮🪙💰
💰 Main cryptocurrency prices
Bitcoin (BTC): Its price ranges between $104,279 and $105,116, with a rise of 2.6% over the past 24 hours.
Ethereum (ETH): Its price is around $2,473, up by 2.67%.
Tether (USDT): stable at $1.0006.
Ripple (XRP): trading at a price of $2.166, with an increase of 3.15%.
📉 Reasons for Market Decline
Cryptocurrencies have witnessed a significant decline in recent days, attributed to several factors:
Profit-taking: After previous rises, investors sold some assets to realize profits, leading to a decrease in prices.
Geopolitical tensions: The trade tensions between the United States and China have negatively impacted the markets, including the cryptocurrency market.
Negative economic data: The release of data indicating a slowdown in the U.S. labor market has raised concerns among investors about the economy, prompting them to steer clear of high-risk assets.
Political disputes: The disagreement between Donald Trump and Elon Musk has affected meme coins, increasing market volatility.