The cryptocurrency market continues to show its impact on the global economy, with $BTC as the main reference. Recent movements in the stock market and economic decisions have influenced the direction of digital assets.
Technical Analysis of Bitcoin: Normal Correction or Alarm
$BTC holds at approximately 94,200 dollars. Despite a slight pullback, the key support is at 91,900 dollars, indicating a possible rise towards 99,000 dollars if the trend remains favorable. The technical analysis based on moving averages and charts allows for the detection of crucial patterns for decision-making.
Stock Market Close and Key Economic Reports
The Dow Jones closed with an increase of 140 points, while the SP and Nasdaq indices remained stable. However, the publication of a negative GDP has raised concerns about a possible recession, which could prompt the Federal Reserve to maintain a conservative monetary policy.
Bitcoin Adoption in Latin America
In a significant advance, the Banco de Crédito del Perú has obtained authorization to conduct a pilot for buying and selling , reflecting the growing interest in cryptocurrencies in the region. This step could encourage other financial institutions to follow the trend, increasing the presence of $BTC in the Latin American market.
Criticism of the Traditional Financial System
Recently, Eric Trump made statements questioning the efficiency of the traditional banking system, stating that it is "broken" and "outdated". These criticisms have reinforced the argument that blockchain technology and cryptocurrencies could offer faster, more efficient, and accessible solutions. Decentralization and the elimination of intermediaries are some of the factors that make digital assets a viable alternative for those seeking greater financial autonomy #Binance
