Bitcoin Price Battles $61,250 Pivot as IMF Warnings Clash with JPMorgan’s Bold Bullish Forecast
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Bitcoin price has shown mixed performance amid recent geopolitical developments and regulatory scrutiny.
Ripple’s expansion in Brazil and the IMF’s call for El Salvador to tighten Bitcoin regulations highlight increasing global focus on cryptocurrencies.
Meanwhile, JPMorgan suggests that the upcoming U.S. elections and geopolitical tensions are driving interest in Bitcoin as a hedge against uncertainty.
As BTC/USD consolidates around key technical levels, traders are watching for potential breakout signals in the near term.
Ripple has launched its Ripple Payments service in Brazil in partnership with Mercado Bitcoin, aiming to simplify cross-border transactions.
Initially, the service will focus on enhancing treasury operations across Mercado Bitcoin’s offices in Brazil and Portugal, with plans to expand to other business and retail users.
The platform leverages blockchain technology, offering access to over 80 payout markets worldwide and 24/7 on-demand liquidity.
Ripple Boosts Cross-Border Transactions in Brazil With New Payment Solution https://t.co/kmfln2JfJB
Ripple Payments also features a non-resident account option, allowing users to transact directly in Brazilian real, enhancing payment flexibility.
According to Silvio Pegado, Managing Director of Ripple LATAM, the collaboration will strengthen international trade and liquidity.
With Brazil’s favorable crypto regulations, Ripple has already processed over $50 billion globally and aims to further drive adoption.
The IMF has reiterated its call for stricter regulations
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