Banking Circle Launches Stablecoin Settlement Service in Europe
- Launch of Settlement Service: Banking Circle has introduced a stablecoin settlement service in Europe, positioning itself as one of the first banking infrastructure providers to offer MiCA-licensed digital asset settlement for institutional clients, thereby enhancing its competitive edge in the fintech sector.
- Introduction of EURI Stablecoin: The company has also launched EURI, the first bank-backed MiCA-compliant stablecoin, denominated in euros, which further solidifies its strategic position in digital asset payment flows and is expected to attract more financial institutions.
- Compliance Advantage: By offering a MiCA-licensed settlement service, Banking Circle removes regulatory uncertainties for banks and payment companies, allowing them to utilize stablecoins within compliance frameworks, thus reducing traditional financial institutions' aversion to unregulated settlement options and promoting the legitimization of digital assets.
- Cross-Border Payment Potential: The introduction of stablecoin settlement is expected to significantly reduce settlement times and costs for cross-border transactions, particularly in payment corridors where Banking Circle already operates, addressing fintech companies' urgent need for rapid fund movement and driving digital transformation across the industry.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 70536.602 | 72737.061 | 75084.742 | 77285.201 | 79632.882 | 81833.341 | 84181.022 |
| Fibonacci | 72737.061 | 74474.45 | 75547.812 | 77285.201 | 79022.59 | 80095.952 | 81833.341 |
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