Last week, there were important developments in the cryptocurrency market. Bitcoin and altcoins faced increased volatility after the US Federal Reserve (Fed) FOMC meeting. The fact that the Bank of Japan (BoJ) did not change interest rates increased speculation on the market. Especially Bitcoin (BTC) $BTC
The price was moved by these events, triggering market volatility.
Crypto Market Volatility
The recent interest rate cut by the US Federal Reserve has caused major volatility in the crypto market. The Fed’s decision to cut interest rates by 50 basis points has caused concern among many investors and has led to significant volatility in the prices of Bitcoin and other cryptocurrencies. BTC has risen from $59,000 to $63,000 last week, creating both excitement and anxiety among investors. The Bank of Japan’s decision to keep interest rates unchanged at 0.25% has increased speculation in the markets about future price movements. This decision by the BOJ has created uncertainty about the impact of global economic developments on the crypto market.
BitMEX co-founder Arthur Hayes painted a pessimistic picture for the crypto market after the FOMC decisions. Speaking at the Token2049 event, he warned that interest rate cuts could lead to a serious collapse in the crypto market in the long term. These statements have created uncertainty among many investors. However, despite all these concerns, market participants continue to hope that the fourth quarter will be positive for traditionally risky assets. An increase is expected in the last period of the year, especially for Bitcoin and other major cryptocurrencies, and this keeps investors' morale high.
New Listings and Altcoin Rises from Binance
Another important development in the cryptocurrency market was Binance listing a number of new tokens this week. Binance, one of the world’s largest crypto exchanges, launched a USD-margined perpetual contract on the KDAUSDT pair, causing a 30% increase in the price of Kadena (KDA). This development created a positive atmosphere in the altcoin market. Binance also listed the Solana Name Service (FIDA) token, triggering a surge in the price of FIDA.
In addition, the TON-based Catizen (CATI) token started trading on the exchange, and the CATI price increased by over 30%. The UXLINK token started trading on Binance in the UXLINKUSDT pair, increasing its weekly gain to 110%. These listings once again showed that Binance has a significant impact on the crypto market. Many investors believe that such steps by Binance offer new opportunities in the altcoin market.
Other notable developments in the crypto world include stablecoin giant Circle’s announcement that it will partner with Sony to bring USDC to the Soneium Layer 2 platform. This collaboration is considered an important step in expanding USDC’s usage areas. One of the most talked-about events of the week was American billionaire Elon Musk’s meeting with El Salvador President Nayib Bukele. The meeting discussed new technologies and especially Bitcoin. Since Bukele’s country was the first to accept Bitcoin as its official currency, this meeting had a great impact in the crypto world.
In addition, the exemption of BNY Mellon, one of the leading banks in the US, from the SEC's SAB 121 rules has paved the way for the bank to offer crypto custody services. This development may create a new environment of trust in the crypto market for institutional investors. On the other hand, Bitcoin critic Peter Schiff's warning that the BTC price could fall to $ 20,000 has caused new discussions in the crypto market. At the same time, Vitalik Buterin, one of the co-founders of Ethereum, transferred 1.3K ETH, leading to speculation on the price of Ethereum.
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 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.
