ECB Publishes Third Digital Euro Design Report

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Today’s Cryptocurrency Headline

The European Central Bank (ECB) has released its third progress report on the design of the digital euro, examining the methods of access and distribution approved by the ECB’s Governing Council. In this system, digital euro users will be registered by payment service providers (PSPs) according to established procedures, such as KYC. In-store sales can be conducted using QR codes or contactless technology, and online payments and offline functionality will also be possible. PSPs will be able to offer optional and value-added services, such as installment payments or recurring payments. Furthermore, after the digital euro is launched in the eurozone, cross-border transfer capabilities may be added.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 3.40% over the last 24 hours and rose to an intraday high of $28,481.00. The leading cryptocurrency surpasses the $28,000 price mark, indicating that investors are purchasing during price dips. The relative strength index (RSI) hovers around the midpoint, suggesting that market sentiment remains neutral. In order to reverse the bearish trend, bulls must push the price above the 20-day EMA (Exponential Moving Average). If they succeed in doing so, the price has the potential to rebound to $30,000. On the other hand, if the price declines from the 20-day EMA, it may retreat back to the $27,000-$28,000 price range.

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