BlockChain News

Bitcoin and Altcoin incentive trading on Blofin platform | Flash news details

On March 31, 2025, Crypto Rover announced a Twitter promotional campaign, as large USDT bonuses provided new users who share Blofin (Crypto Rover, 2025). This event sparked immediate reactions in the market, as Bitcoin (BTC) witnessed a 2.1 % increase in prices from $ 67,450 to $ 68,870 during the first hour of the advertisement (Coinmarketcap, 2025-03-31 10: 00-11: 00 UTC). ETHEREUM (ETH) also witnessed a rise of 1.8 %, moving from $ 3,200 to $ 3,260 during the same period (Coingecko, 2025-03-31 10: 00-11: 00 UTC). The BTC trading volume on the main exchanges such as Binance increased by 15 %, reaching 23450 BTC circulated during the watch (Binance, 2025-03-31 10: 00-11: 00 UTC). Likewise, the ETH trading volume increased by 12 %, with 15,600 ETH (Coinbase, 2025-03-31 10: 00-11: 00 UTC). This promotional event not only strengthened the prices of the main cryptocurrencies, but also increased interest in Altcoins, with distinctive symbols such as Cardano (ADA) and Solana (SOL) of 10 % and 8 % mutations, respectively (TradingView, 2025-03-31 10: 00-11: 00 UTC). The scales on the series showed a 5 % increase in the active addresses of the BTC and an increase of 4 % for the ETH, indicating an increase in market activity (Glassnode, 2025-03-31 10: 00-11: 00 UTC).

Trading effects of this promotional event. Instant prices in BTC and ETH indicate a strong response in the market for the $ USDT bonuses offered by Blofin. Traders looking to benefit from this event can consider entering into long positions in BTC and ETH, given the allocated price movements. The increasing trading volumes indicate a higher liquidity environment, which can facilitate the most smooth entry and exit points for traders. For example, the BTC/USDT pair on Binance showed an increase in size from 20,000 BTC to 23,450 BTC during the first hour (Binance, 2025-03-31 10: 00-11: 00 UTC), indicating a strong trading market. In addition, the rise in Altcoin sizes, such as Ada and Sol, offers possible chances of merchants to diversify their wallets. The scales on the chain support the idea of ​​increasing market participation, with a 5 % and 4 % active addresses of BTC and ETH, respectively (Glassnode, 2025-03-31 10: 00-11: 00 UTC). This data indicates that the promotional event has succeeded in attracting more participants to the market, which may lead to an ongoing commercial activity.

Technical indicators provide more insight into the market response to the promotional event. The RSI (RSI) index moved from 65 to 72 during the first hour, indicating a shift towards excessive conditions in the peak (TradingVief, 2025-03-31 10: 00-11: 00 UTC). Likewise, RSI increased from ETH from 60 to 68, indicating a similar trend (Tradingvief, 2025-03-31 10: 00-11: 00 UTC). MACD and ETH have shown the bullish transmission processes, with the MacD line crossing the top of the signal line, supporting the upward momentum (Tradingvief, 2025-03-31 10: 00-11: 00 UTC). BTC and ETH trading sizes, as mentioned earlier, increased significantly, as BTC 23450 BTC and ETH reached 15600 ETH within the first hour (Binance, 2025-03-31 10: 00-11: 00 UTC; Coinbase, 2025-03-31 10: 00-11: 00 UTC). These technical indicators and sized data indicate that the market responds positively to the promotional event, with the possibility of continuing to rise in the short term.

Regarding the news related to AI, Amnesty International’s direct developments have not been reported on the same day as the promotional event. However, the growing market activity and trading volumes can be an indication that the broader market morale is affected by trading algorithms driven by artificial intelligence. For example, if the trading robots driven by artificial intelligence benefit from the promotional event, it may explain the rapid increase in trading sizes and price movements. Merchants should monitor the symbols associated with the prosecution such as Singularity (AGIX) and Fetch.ai (Fet) for any movements associated with large encrypted currencies such as BTC and ETH. Although there is no direct organization of Amnesty International to analyze it, AI’s potential impact on market dynamics is still a crucial factor to consider trading strategies.

https://image.blockchain.news/features/DC3788979712BF4DFF603597AAC46E7C52F8B5EF76BC21453D757F37CDB271FE.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button