Bitcoin lost 5% of its value after reaching $62,000. This decline also had a significant impact on alternative cryptocurrencies (altcoins). Although inflation data and Producer Price Index (PPI) figures looked positive, those who bought at low prices started selling, which accelerated this decline.
Why Did Bitcoin Fall?
Following the release of the Consumer Price Index (CPI) data, the price of Bitcoin rose to $61,800. However, while this increase was expected to continue, the value of Bitcoin fell by 3% in a short time and fell to $58,800. Currently, Bitcoin is trading at around $59,255, and this decline has also affected altcoins. This unexpected fluctuation reveals how unpredictable the market is despite the positive CPI data.
The headline inflation decline has raised the possibility of interest rate cuts. Interest rate cuts could create a supportive environment for Bitcoin and other cryptocurrencies. According to The Kobeissi Letterâs analysis, interest rate cuts could lead to reinflation in some sectors, which highlights the complex interplay of policy decisions and market dynamics. So, while the overall outlook is positive, the effects of monetary policy changes could create major differences across market segments.
In the current market conditions, investors should be careful with macroeconomic indicators, as these data can significantly affect the price of Bitcoin. The continuation of short-term fluctuations even amid positive data releases requires investors to be careful. Potential interest rate cuts could further affect cryptocurrency markets; therefore, it is important to carefully evaluate these factors before making long-term investments. The critical resistance point at $61,900 poses a significant obstacle in the short term, while future unexpected inflation data could postpone interest rate cut decisions and create uncertainty over the direction of Bitcoin.
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 I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.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.
