Economic data released yesterday in the US increased expectations in the market that the Fed may cut interest rates this year. In the meantime, record daily inflows were seen in spot Bitcoin ETFs, and Bitcoin rose to the $71,000 band.

In the last 24-hour transactions, Bitcoin continued its positive trend, and after the ETF transactions that saw record inflows yesterday, it gained 2.5% and closed the day at $70,530. Starting the new day with buyers, Bitcoin continued to trade in the $71,000 band in the first hours of the day.

Market comments were that confidence in the Fed's interest rate cut increased due to the fact that the Job Openings and Labor Turnover Rate (JOLTS) data announced yesterday came in below expectations. This expectation created an effect that increased risk appetite, while Bitcoin continued to trend positively. On the other hand, the cryptocurrency's rapid entry to $ 70,000 has strengthened expectations that the record level, which is currently about 5% away, will be surpassed.#BinanceHerYerde #StartInvestingInCrypto #Binance #BNB #Bitcoin