BTC fell instead of rising despite the positive news of Powell's speech and the release of CPI and PPI data that were lower than expected

According to the quarterly CPI released in May, it was 3.3%, while the monthly rate was 0%, and the monthly PPI rate was -0.2%, which can be said to be the lowest level in the past two years. The overall cooling has greatly increased the market's expectations for possible interest rate cuts. Most of the Fed believes that there will be one or two interest rate cuts this year, and these data will become the basis for the interest rate cut. At the same time, it is believed that the interest rate cut will begin around September. After BTC broke through 71,900, it fell. The market will enter a consolidation period, which is expected to last for 3 months, just in time for the interest rate cut to go out of a wave of market

We can see that most of the recent hot coins are concentrated in the game and AI sectors. We can also see from the performance of Binance's recent new io and not

From these hot spots, the new coin xai is also worthy of our attention

$XAI is an Ethereum layer 3 expansion network based on Arbitrum, focusing on the game field, aiming to bring unprecedented user experience to Web3 games. With Xai, billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time without using a crypto wallet. As a new coin, it also involves two hot sectors, AI and games, and has been making moves recently.

On June 11, 2024, Xai launched Vanguard: Genesis on GALXE, an event that included months of game releases and missions covering the Xai gaming ecosystem. The games announced include Crypto Unicorns, Final Form, The Lost Glitches, and some games that have not yet been announced.

Therefore, if the new coin market comes, there are also good expectations

#Xai先锋创世纪 $XAI