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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $TQ $GOCHU $VELAAI $BUBB $XPRESS
Trending Coins🔥 $ZBCN $TQ $WCT $EIGEN $MXC
#FearGreedIndex# #TopGainers#
- #Digital Asset Market Clarity Act#
US House Republicans have introduced the Digital Asset Market Clarity Act to clarify crypto regulations. The bill gives the CFTC exclusive authority over digital commodity spot markets, and crypto platforms can register with either the CFTC or SEC. Will this reshape crypto regulation? What’s your take?
#Trump Tariff Update#
A US appeals court has reinstated Trump-era tariffs during the appeal, and further tariff hikes (up to 15% for 150 days) are being considered. Could these tariffs return? How might this affect the crypto market?
#Nvidia Tops Global Marke
XRP falls below the 200-day SMA, traders are following The Federal Reserve (FED) preferred inflation indicators.
Gate News bot news, on Friday, the Crypto Assets market sentiment was sluggish, XRP lost a key support level, and Bitcoin along with other major Tokens also fell, while traders are still waiting for the Federal Reserve's preferred inflation indicator – core personal consumption expenditure (PCE).
XRP has fallen below the 200-day simple moving average for the first time since April 10, (SMA), indicating that the downward momentum is strengthening. Although the demand for XRP as a corporate financial asset continues to grow, it seems to have not effectively boosted the price in the context of the overall market decline.
BRN Chief Research Analyst Valentin Fournier said in an email: "All eyes are now on the core PCE data released today, and if there are signs of a slowdown in inflation, this data could reignite bullish sentiment in the market."
Source: CoinDesk