As of May 13, 2025, Bitcoin (BTC) is trading around $62,500 on platforms like Binance, with a 24-hour volume exceeding $25 billion, despite a minor 1.2% dip at 10:00 AM UTC. Ethereum (ETH) also maintains significant traction, priced at $2,450 with $12 billion in trading volume, per CoinMarketCap. These metrics point to a market poised for increased retail activity, fueled further by promotional incentives. In parallel, the S&P 500 closed 0.3% higher at 5,850 points on May 12, 2025, according to Yahoo Finance—signaling stable investor sentiment and supporting crypto inflows. Campaigns like Blofin’s could drive short-term surges in trading volumes, especially for popular pairs such as BTC/USDT and ETH/USDT.
From a trading perspective, Blofin’s $USDT bonus initiative may spark actionable opportunities, especially for day traders and scalpers. For instance, Binance data shows BTC/USDT volume jumped 8%—reaching $10.5 billion—between May 12 at 8:00 PM UTC and May 13 at 8:00 AM UTC. Similarly, ETH/USDT volumes increased by 6% to $5.8 billion. These spikes highlight how referral-based promotions can trigger immediate market activity. Cross-market data further supports this: the Dow Jones remained steady at 42,300 points on May 12, 2025 (Bloomberg), signaling investor confidence that may boost institutional engagement with crypto assets.
Technical indicators offer additional insight. On May 13, 2025, at 12:00 PM UTC, Bitcoin's Relative Strength Index (RSI) was at 52, while Ethereum's stood at 51, suggesting a neutral market. According to Glassnode, daily active BTC addresses rose 5% to 620,000 on May 12, indicating growing user engagement possibly influenced by bonus campaigns. Global crypto spot trading volume also increased by 3% to $48 billion on that same day (CoinGecko), mirroring gains in the S&P 500. Institutional interest remains solid too—Grayscale's Bitcoin Trust (GBTC) recorded $15 million in inflows on May 11, reflecting positive sentiment and reinforcing liquidity for traders leveraging these promotions.
For altcoins, Ethereum staking deposits climbed 2% to 33 million ETH on May 12, 2025, per Etherscan, reinforcing strong investor participation. The overall market environment—buoyed by exchange incentives and institutional inflows—appears favorable for short-term trading strategies.
Stock-crypto correlations add another layer of context. The Nasdaq rose 0.4% to 18,500 on May 12 (Reuters), often a precursor to heightened crypto activity amid rising risk appetite. Crypto-linked equities like Coinbase (COIN) also rallied, gaining 2.1% to $205 per share (MarketWatch), reflecting optimistic sentiment that could spill into BTC and ETH markets. Traders should remain cautious of potential shifts in stock market volatility, as risk-off moves could negatively affect crypto prices. However, for now, bonus-driven campaigns like Blofin’s suggest a cautiously bullish outlook for BTC/USDT and ETH/USDT trading pairs.