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11:20
Analyst: Bitcoin's daily Bollinger Bands have narrowed to their lowest level since early 2024, which may indicate an upcoming roughly 40% price movement
BlockBeats news, April 10, according to CoinDesk, the cryptocurrency market stabilized overall on Friday, with Bitcoin experiencing slight fluctuations and temporarily trading at $71,700, while Ethereum was at $2,180, continuing the low volatility pattern of the past few months. In terms of technical indicators, Bitcoin’s daily Bollinger Bands have narrowed to their tightest level since early 2024. Crypto analyst Eric Crown stated that since early February, Bitcoin’s price has remained within the $63,000 to $75,000 range, and historically, whenever such a narrow range appeared, the price eventually saw a fluctuation of about 40%. According to CoinGlass’s liquidation heatmap, if Bitcoin breaks above $75,000, it will trigger upward momentum, forcing short-sellers to cover their positions; if it falls below $70,000 in the short term, it will lead to the liquidation of approximately $200 million in long positions betting on a breakout. One of Friday’s key catalysts is the US Consumer Price Index (CPI) data. March inflation is expected to be 3.3% year-on-year, driven by surging energy prices. Higher-than-expected inflation usually strengthens the US dollar, thereby putting pressure on risk assets such as Bitcoin.
11:20
Mantle launches xStocksFi, enabling leading US stock assets to circulate on-chain
ChainCatcher news, according to Mantle's official announcement, xStocksFi has officially launched on the Mantle network, supported by BackedFi and Flowdesk. As one of the first on-chain liquidity stock tokenization projects, users can trade major global assets around the clock via the Fluxion network, including TSLAx, NVDAx, AAPLx, METAx, and 10 top US stocks. Mantle leverages institutional-grade infrastructure and exclusive deposit and withdrawal support from a certain exchange to enhance the distribution efficiency of real-world assets (RWA), offering extremely low transaction fees and a high-speed execution experience. The official statement notes that the launch of xStocks is only the starting point for ecosystem expansion, with additional features such as xChange and xPoints to be rolled out in the future.
11:13
BTC breaks above $72,000
According to Jinse Finance, market data shows that BTC has surpassed $72,000, currently trading at $72,004.75. The 24-hour increase has reached 1%. The market is experiencing significant volatility, so please exercise proper risk control.
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