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Circle to Submit Banking Operation Application

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Today’s Cryptocurrency Headline

Boston-based cryptocurrency payments startup Circle Internet Financial (USDC issuer) will soon submit its application to operate as a bank in the United States. CEO Jeremy Allaire declined to say exactly when the company would submit the application, saying only “hopefully in the near future,” but acknowledged that Circle was “making good progress” with the OCC. Earlier this week, Circle raised $400 million in a funding round led by BlackRock and Fidelity Management and Research.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to Arcane Research data, Core Scientific had the highest monthly Bitcoin mining volume of about 1,143 BTC among the major Bitcoin miners in March. BTC was trading around $40,000 and is down by 3.3% over the past 24 hours. The largest cryptocurrency is down by 8% over the past week and slightly positive over the past 30 days. The Crypto Fear & Greed Index is in the extreme fear territory, and the relative strength index (RSI) of BTC is approaching the oversold zone, suggesting that the market sentiment is bearish. If the price drops below the $40,000 price level, the next support will be around $37,000 – $38,000.

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