June 7 BTCUSD BingX Chart Analysis and Today's Headline

BTC experienced a rebound on the 4-hour chart, reaching the previous day's high before retracing back to the support level around $26,600. On the daily chart, a bullish engulfing pattern emerged after finding stability around $25,200, followed by a V-shaped rebound. The upper resistance level is seen at $27,500, which aligns with the channel's upper boundary. Currently, BTC is consolidating within the range of $26,500 to $27,500, indicating a temporary focus on this price range for further oscillation.

Today’s Cryptocurrency Headline

Circle Receives Large Payment Institution License from Monetary Authority of Singapore


Circle's subsidiary, Circle Singapore, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), according to the company's official blog. This license enables Circle Singapore to offer digital payment token services, cross-border remittance services, and domestic remittance services through its various products and services. It includes access to USDC Circle accounts for institutional customers. The MPI license solidifies Circle Singapore's position as a provider of digital payment solutions and expands its offerings in the Singaporean market.

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