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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!👇️
Weiss Crypto Comments on XRP's Resilience
Weiss Crypto, the cryptocurrency-centered subsidiary of Weiss Ratings, has commented on XRP's resilience during the broader cryptocurrency market downturn
It has been noted that the Ripple-linked token has managed to attract an additional $1.8 million in institutional investment over the past week
On Monday, cryptocurrency firm CoinShares revealed that various digital asset investment products had recorded another week of negative outflows. Bitcoin recorded a whopping $978 million worth of outflows, which shows waning institutional interest. Ethereum (ETH) products also hemorrhaged $176 million
However, XRP managed to buck the broader bearish trend with rather impressive inflows
In its most recent statement, Weiss Crypto has opined that "pockets of resilience indicate that investor interest persists beneath the surface."
Earlier this month, legendary trader John Bollinger suggested that the Ripple-linked token might emerge as the new market leader due to its overperformance
Meanwhile, there are a total of ten pending spot XRP ETF filings in the U.S. As reported by U.Today, Hashdex recently asked the SEC to update its crypto index ETF in order to include various altcoins, including XRP