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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!👇️
U.S. Stocks Slip as Trade Tensions and Fed Decision Loom
U.S. stocks slip as trade tensions and uncertainty ahead of the Fed's meeting overshadow market optimism - IcoHolder.
U.S. stocks slipped on Monday, bringing an end to a historic rally as investors turned cautious amid renewed trade tensions and ahead of a key Federal Reserve meeting. The S&P 500 dropped 0.64% to 5,650.38, breaking a nine-day winning streak—the longest since 2004. The Nasdaq Composite fell 0.74% to 17,844.24, and the Dow Jones Industrial Average dipped 0.24% to 41,218.83.
The decline was triggered in part by President Trump’s escalated rhetoric over tariffs, including a proposed 100% levy on foreign films, which pressured shares of Netflix and Paramount. This move added to the uncertainty surrounding ongoing trade negotiations, especially with China. Despite earlier hopes of resumed talks, Trump indicated he had no plans to speak with President Xi Jinping.
As losses across major indexes deepened throughout the day, the market received a brief boost from stronger-than-expected data on the U.S. services sector, along with a Bloomberg report suggesting that India may offer tariff-free access for certain goods in a reciprocal agreement.
Treasury Secretary Scott Bessent echoed Trump’s comments, suggesting that new trade deals could be imminent, possibly as soon as this week. However, many investors remain skeptical of the timeline and potential outcomes.
The pullback in the markets comes just ahead of the Federal Reserve’s decision on Wednesday. While markets are pricing in only a 3.2% chance of a rate cut, all eyes will be on Fed Chair Jerome Powell’s comments on the economic outlook, particularly regarding trade uncertainty and its impact on growth.