April 11 BTCUSD BingX Chart Analysis and Today's Headline

Over the last 24 hours, Bitcoin has experienced a 4.46% increase, reaching an intraday high of 29,747.01. Bitcoin (BTC) was back above 29,000 to start the week, as market sentiment shifted towards the bulls following the Easter break. The gradually upsloping 20-day EMA and the RSI in the positive territory indicate advantage to the buyers. If the BTC/USDT pair surpasses 30,000, it could rise to 32,000.

Today’s Cryptocurrency Headline

Tether Generated Over 700 Million in Profits in Q1

Tether's Chief Technology Officer Paolo Ardoino said on Twitter today that the company's profit for the first quarter of this year has exceeded 700 million. Previously on March 24th, Paolo Ardoino had predicted that the excess reserves for the quarter would increase by 700 million, bringing Tether's total excess reserves to $1.66 billion. This would mark the first time Tether's excess reserves have surpassed the 1 billion threshold.

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