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Today’s Cryptocurrency Headline
According to Tether’s Q1 report, the issuance of USDT increased from $66 billion to over $82 billion. The percentage of secured loans in Tether’s reserves decreased from 8.7% to 6.5%, while holdings of US Treasury bonds reached a historic high of over $53 billion, representing over 64% of total reserves. Cash and cash equivalents, including overnight and term repurchase agreements, money market funds, cash, and bank deposits, reached a historical high of nearly 85%. Tether also reduced its bank deposits by over 90% to $481 million to reduce counterparty risk.
BingX’s Bitcoin Chart
Yesterday, BTC’s overall trend was weak, and it continued to oscillate around a range. On the four-hour chart, the Bollinger Bands are gradually narrowing upwards, with prices steadily rising and finding support at the midline. On the hourly chart, the Bollinger Bands are expanding, with the price fluctuating between the midline and the lower band. MACD and the short-term bearish trend are weakening, while KDJ is indicating upward momentum. Daily traders may want to observe market developments before making decisions.
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