$BTC The Bitcoin and cryptocurrency markets are showing signs of recovery ahead of critical inflation data to be released today. In particular, stablecoin inflows and increasing institutional interest are among the main factors supporting this recovery. However, it seems certain that macroeconomic developments will determine the future direction of the cryptocurrency market.
Recently, Bitcoin (BTC) and the general cryptocurrency market have seen a remarkable recovery ahead of the US Consumer Price Index (CPI) inflation data. The price of Bitcoin increased by 3%, approaching $61,000 after investors closed their active short positions. This strong recovery is driven by the inflow of $2.5 billion worth of stablecoins into the market in the last week.
According to the latest data, stablecoin issuers such as Tether and Circle have increased their supply of USDT and USDC. Data shared by 10X Research shows that institutional investors are preparing to inject new capital into the cryptocurrency market. This is considered as one of the possible reasons for the recent recovery in Bitcoin. In addition, increasing institutional demand for spot Bitcoin ETFs stands out as an important factor. Banking giant Goldman Sachs announced that it invested $418 million in spot Bitcoin ETF trading activities for the second quarter. This development confirms the increasing institutional interest in the cryptocurrency investment class.$BTC
On the other hand, 10X Research stated that capital flows have been stalled since April 2024, causing a correction in Bitcoin's price. However, it is observed that this stagnation has ended with the increasing supply of USDT and USDC, and a revival is occurring in the cryptocurrency market. In particular, Tether's printing of more than $ 1 billion in USDT in the last 24 hours and transferring it to centralized exchanges (such as Binance, Coinbase, Kraken) confirms this situation.
In addition, a similar upward movement is observed in the altcoin market led by Ethereum, as well as Bitcoin. The current recovery trend in the cryptocurrency market seems to be directly linked to the revival in liquidity flow.
Macroeconomic developments this week will play a critical role in determining the direction of the cryptocurrency market. In particular, US inflation data, which will be announced today at 15:30 GMT, is at the forefront as an important factor that will shape investors' market expectations.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
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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,
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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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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.
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