Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
04:08
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Bitcoin Tests $76,000 Resistance as Tech Stock Selloff Weighs on BTC

According to COINOTAG, Bitcoin finished the week near $75,900 on November 8, testing resistance around the $76,000 level after a selloff in U.S. technology stocks pressured the market for the second time in five sessions. Market analyst Yuya Hasegawa provided a weekly chart review of the price
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BTC+0.03%
03:43
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U.S. October CPI Expected to Hold at 3.7% YoY on November 10

According to Trading Economics analyst surveys, the U.S. October Consumer Price Index (CPI) is forecast to rise 0.2% month-over-month and 3.7% year-over-year, matching September's pace. Core CPI is expected to increase 0.2% monthly and 2.5% annually. The Cleveland Federal Reserve's Inflation Nowcasting model projects October CPI at 0.24% MoM and 3.74% YoY, with core CPI at 0.21% MoM and 2.48% YoY. The October CPI release on November 10 carries significance as the Federal Reserve closely monitors
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03:30
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GENG Defeats IG 3-0 in LOL S16 Worlds Semifinal, Championship Odds Hit 66%

According to predict.fun predictions, GENG defeated IG 3-0 in the League of Legends S16 Worlds semifinal this morning, securing the first spot in the final. The prediction event shows GENG's championship probability at 66%, followed by BLG at 20% and T1 at 17%.
The other finalist will be
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03:13
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AI Stocks Excessively Repriced, Fed Likely to Skip Rate Hike in December: Tom Lee

According to Tom Lee, chairman of Ethereum treasury company BitMine, in a CNBC interview today (Nov 8), AI stocks have been excessively repriced following midterm elections. Despite policy headwinds, Tom Lee expects demand to remain strong, with companies continuing to explore and benefit from AI deployments. On monetary policy, Tom Lee stated that the latest productivity data makes the Federal Reserve's September rate hike appear like a mistake, and the Fed likely will not raise rates again in
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ETH-0.20%