Cryptocurrency markets are experiencing tension ahead of the May Consumer Price Index (CPI) report and the Federal Open Market Committee (FOMC) meeting. Investors are wondering how high inflation is and how the Fed will respond. This uncertainty leads many investors to sell assets to reduce their risk.
Cryptocurrency markets await FED interest rate decision
Cryptocurrency markets are experiencing tension ahead of the May CPI report and the Federal Open Market Committee (FOMC) meeting, which will be announced tomorrow. According to the update from hedge fund QCP, investors are selling their assets by reducing their risks. Markets tend to be risk averse: Investors are wondering how high inflation is and how the Fed will respond. Following the latest hot employment report, there is a strong possibility that interest rates will remain steady. The CME FedWatch Tool shows a 99.4% probability that interest rates will remain steady as of Monday.
However, QCP argues that this could be a good opportunity to accumulate coins despite the short-term negatives. Long-term prospects remain optimistic. The eventual launch of the ETH spot ETF and the ongoing verbal spat between President Biden and former President Trump to win the crypto vote are seen as hopeful signs for the bull market.
When is the FOMC meeting?
This month's FOMC meeting is particularly important as the Fed will release the Dot Plot showing the number of rate cuts it projects for the rest of 2024. While December projections predicted three interest rate cuts this year, Fed Chairman Jerome Powell reiterated that nothing was certain throughout the year. The FOMC will announce its next interest rate decision at around 21:00 / 22:00 today. Investors will closely monitor how this decision will affect the markets and cryptocurrency prices. According to FOMC statements last month, the interest rate remained at 5.50%.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to 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 will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter 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 by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to 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.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
