ChaiNext: Big drop in early trading, USDT’s weird premium

At 8 o’clock on April 13, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 626.50 points, a decrease of 0.81% in the past 24 hours, and a turnover of 72.939 billion US dollars. The transaction increased by 9.62% from the previous 24 hours. The index is a component of the token 66 of them rose, 34 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency market, reported 543.50 points, down 0.89% in the past 24 hours, with a turnover of 59.247 billion U.S. dollars, a 11.31% increase from the previous 24 hours; the Bitcoin Bubble Index ( BBI index) reported 77.10 points, up 0.44% in the past 24 hours; USDT OTC Index (USDT OTC Index) reported at 103.54 points, up 0.23% in the past 24 hours. At 6 o’clock in the morning, BTC changed from rising to falling. Without obvious bearish conditions, it retreated from 7180 US dollars to around 6580 US dollars, breaking multiple support levels such as 7000 and 6800. The top 20 mainstream currencies have not seen a strong trend, mainly following the decline. It is worth noting that USDT currently has a premium of 3.5%. Even when the broad market rose yesterday, it still maintained a premium of 3%, which is a relatively abnormal phenomenon. And the slowly rising USDT rhythm is not like buying funds from the bargain-hunting, but it is like the big funds are slowly attracting goods. Follow-up needs to be maintained.