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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!👇️
Concerns over tariffs boosted safe-haven demand, causing gold prices to rise significantly on Monday.
Gold prices surged 2% on Monday on 2 June, prompting investors to turn to safe-haven gold amid the escalation of Russia's invasion of Ukraine and US President Donald Trump's renewed threat of double tariffs on steel and aluminium imports. Trump said on Friday local time that he planned to raise tariffs on imported steel and aluminum from 25% to 50%, prompting the European Commission to warn that Europe was ready to retaliate. Tim Waterer, chief market analyst at KCM trade, said: "With trade and geopolitical concerns resurfacing again, it's no surprise that gold prices started the week higher." Ahead of the second round of peace talks in Istanbul, hostilities between Ukraine and Russia escalated, with a wave of attacks on both sides, including one of Ukraine's most daring attacks in the conflict, and a Russian drone attack at night. "Risk assets opened the week lower, and a weaker dollar also supported gold prices," Waterer said. ( gold ten )