U.S. Crypto Bank Anchorage Resumes Operations Following OCC Ruling
Regulatory Changes: The Biden administration's removal of an order concerning Anchorage’s anti-money laundering and know-your-customer procedures indicates a shift in Washington's approach to digital assets.
Trump Administration Influence: The decision reflects a broader easing of crypto regulations initiated under President Trump, including the Federal Reserve's recent guidance allowing banks to engage with cryptocurrencies.
Anchorage Digital's Progress: CEO Nathan McCauley highlighted that the lifting of restrictions validates their efforts in compliance and sets standards for digital asset custody at the federal level.
Increased Competition: A more favorable regulatory environment is attracting new companies like Paxos and Ripple to seek national trust charters, enhancing competition in the U.S. crypto banking sector.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK 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 stock.
Support, Resistance & Moving Averages From a structural perspective, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00559 | 0.0182 | 0.0286 | 0.0412 | 0.0516 | 0.0642 | 0.0746 |
| Fibonacci | 0.0182 | 0.027 | 0.0325 | 0.0412 | 0.05 | 0.0555 | 0.0642 |
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