#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
rise in ETH price
The price of Ethereum is currently trading at $2,543, marking a rise of 60% over the past month. However, the price faces resistance at the $2,654 mark. Breaking through this resistance is crucial for the continuation of Ethereum's rise.
The price is likely to rise beyond this level if Bitcoin makes a new all-time high (ATH), as Ethereum has a strong correlation with Bitcoin. The move could push Ethereum towards $3,000, reinforcing its bullish outlook. If the broader market remains positive, the price of Ethereum could see continued upward momentum.