The Japanese stock market closed the day with a gain of over 3%, significantly compensating for its losses. The Producer Price Index (PPI) data coming in better than expected and the increasing optimism for the Consumer Price Index (CPI) to be announced tomorrow had a positive impact on the markets. In addition, the possibility of the Fed cutting interest rates by 50 basis points has strengthened.
Prices fluctuated throughout the day and were affected by many developments. Today, there was a rapid increase in altcoins, especially after the opening of the US markets. So, what are the reasons behind this increase and what are the predictions about whether it will be permanent?
Why Did Bitcoin Rise?
The Japanese stock market regained most of its losses and closed the day with a gain of over 3%, creating a positive atmosphere in the markets. US markets also opened positively about 3 hours ago. After the global uncertainties experienced last week, the return seen in stocks invalidates the scenarios of a long-term decline. These positive developments also caused Bitcoin to rise, but this increase occurred with a slight delay.
One of the main reasons for today’s Bitcoin rally was the inflation data that fell short of expectations. In addition, Mt Gox returns and sales in Germany and the US also had an impact on the market, and recession concerns also contributed to this situation. Now, the increasing optimism for tomorrow’s inflation data could cause Bitcoin to prepare for a larger rally.
It is stated that the Fed's process of keeping interest rates at the peak will most likely end as of September.
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 I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
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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,
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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.
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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.
