Recent declines in the price of Bitcoin (BTC) have increased the uncertainty in the cryptocurrency market. While it is estimated that the probability of the FED not changing interest rates on May 1 is 95.6%, weaker than expected GDP data indicate a major slowdown in the economy. When high inflation and weak economic growth were added to this situation, the selling pressure on Bitcoin increased.

Selling Pressure in Bitcoin and Altcoins

Bitcoin's price experienced a 2.2% correction over the last weekend, falling below $62,500. Altcoins, on the other hand, remained under greater selling pressure, with corrections between 4% and 10% seen in the top ten altcoins. These declines worried investors in the cryptocurrency market.

FED Interest Rate Decision and Its Effects

This week, when the US Federal Reserve (FED) will announce its interest rate decision on May 1, the FED is likely to keep interest rates at current levels. However, leaving interest rates unchanged creates some selling pressure on Bitcoin prices. Signs of a slowdown in the economy and high inflation pressures may create uncertainty about the FED's interest rate policy, increasing volatility in the crypto market.

Other Developments in the Crypto Market

Expectations for a U.S. rate cut have waned throughout the year. Market sentiment has reached a point where it is pricing in just one rate cut for 2024. This is a sharp departure from estimates of seven rate cuts at the beginning of the year and three in March. This uncertainty could lead to volatility in the crypto market and Bitcoin prices in particular.

The declines in Bitcoin and Ethereum’s volatility could be a sign of a squeeze in the crypto market. While Bitcoin’s volatility has dropped from 70% to 50%, Ethereum’s downside skew in risk returns has intensified to 13%. This is seen as an important issue to watch out for in the crypto market.

Spot ETFs in Hong Kong

Spot Bitcoin and Ethereum ETFs, which will launch this week in Hong Kong, could create new momentum in the crypto market. This step could provide a positive movement in the market by increasing the interest of institutional capital in the crypto space in Asia. If these ETFs are successful, it is expected that confidence in cryptocurrencies will increase and more institutional investors will enter the market.

The movements of Bitcoin and other cryptocurrencies in the coming days will depend on factors such as FED interest rate decisions, economic data, and the interest of institutional investors. Since the future of the crypto market is uncertain, it is important for investors to make careful and informed decisions.


GIFT FOR 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE BY BINACE SPECIALLY FOR ME. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAILED.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

  1. Go to the Futures Section from your application,

  2. On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.