The rapid recovery in Bitcoin (BTC) prices shows that a positive momentum can continue in the cryptocurrency market. BTC, which fell below the $ 50,000 level last week, managed to approach the $ 60,000 level in a short time. This recovery is supported by the decrease in the stablecoin rate on exchanges.
According to data from blockchain analysis firm CryptoQuant, the ratio of BTC held on exchanges to stablecoins has fallen to its lowest level since February 2023. This continues a long-term downtrend that has been ongoing since June 2022. CryptoQuant noted that there has been a decrease in investors’ willingness to convert their BTC into stablecoins, easing the selling pressure.
Stablecoins are defined as digital assets that maintain their value relative to external references, such as the US dollar. These assets offer investors safer trading during periods of high volatility in the cryptocurrency market and are often used to finance spot crypto purchases and derivatives transactions.
Valentin Fournier, an analyst at digital asset research firm BRN, noted that positive net flows were observed in spot ETFs for assets such as BTC and ETH. Fournier stated that despite the price drop over the weekend, institutional support continued and that this support could reduce volatility in Bitcoin in the long term. He also predicted that Bitcoin could approach the $67,000 to $69,000 range in the coming weeks.
FOR THE GIFT OF 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 I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.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 ESPECIALLY FOR ME BY BINACE. 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.
Go to the Futures Section from your application,
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.
