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Blockonomi

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Bitcoin Trades at $61K as Global Crypto Developments Unfold

  • Ripple expands its presence in Brazil by launching its cross-border payment service with Mercado Bitcoin.
  • The IMF urges El Salvador to tighten its Bitcoin regulations, citing concerns over fiscal stability and transparency.
  • JPMorgan suggests that rising geopolitical tensions and US elections are driving Bitcoin demand as a hedge against economic uncertainty.
  • Bitcoin is trading around $61,180, consolidating near the $61,250 pivot point, with traders monitoring potential breakout signals.

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