November 7 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart

According to Glassnode, the number of addresses holding more than 1 Bitcoin reached an ATH of 910,300. Bitcoin is down 1.04% over the last 24 hours and fell to an intraday low of $21,046.27. The largest cryptocurrency was trading slightly above the $21,000 price level during the weekend and broke above the 100-day moving average ($20,644) resistance on 04 November. This is the first time it has succeeded since September, and if the price sustains above the 100-day MA for another few days, it will become a strong support. If this happens, the BTC/USDT pair could rise to $24,000.

Today’s Cryptocurrency Headline

Argentine Fintech Uala Launches Crypto Trading Feature

Argentine digital bank Uala has launched a cryptocurrency trading service, which is currently available to select users. Uala said it will offer the crypto trading feature in its app by requiring users to create an account with Uanex, a company within Uala's ecosystem, and can then use Uala's app to buy and sell Bitcoin and Ethereum. Uala has more than 4.5 million users in Argentina and also offers services in Colombia and Mexico. In August last year, Uala completed a $350 million Series D financing, led by Tencent and Softbank Latin America Fund, with a post-investment valuation of $2.45 billion.

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