Bitcoin (BTC) led the gains among leading crypto assets by surpassing the $61,000 level earlier in the day, recouping losses from the steep price crash earlier this month.

Bitcoin gained over 3%. Ethereum (ETH), Solana (SOL), Cardano (ADA), XRP and BNB Chain (BNB) tokens rose by 2.8%. Leading memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) rose by only 1%. This suggests that market sentiment is relatively away from riskier assets.

Despite the modest gains, some trading funds warned that the ongoing rally could be affected by possible short-term shakeouts, urging caution amid a data-heavy week.

Richard Kelly, head of global strategy at TD Securities, told CNBC earlier this week that it was difficult to say for sure whether the unwinding in carry trade strategies was over.

The Bank of Japan (BoJ) has raised interest rates for the first time in more than a decade, sending shockwaves across global markets and risk assets, including Bitcoin. The rise in interest rates has had widespread effects across nearly all markets, affecting the profitability of trading strategies. Bitcoin fell 15% in 24 hours, one of the biggest declines in recent years, while other major tokens lost as much as 22%.

The BOJ’s deputy governor announced in early August that the central bank would refrain from raising interest rates in volatile markets, which would affect yen trading and risk assets. A former BOJ official also said the central bank would postpone further rate hikes until next year, suggesting that market stability could be achieved in the near term.

Trading strategists believe that, alongside Bitcoin, the Toncoin (TON) token also has strong bullish potential. According to CoinDesk Indices data, Toncoin’s TON token gained 7% during Asian trading hours. Stakeholders in the Toncoin ecosystem attribute the token’s continued growth to developments on the GameFi platform and close integration with Telegram.

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 I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.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 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 DETAIL.

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.