The Unitedย States Monetaryย Authority Digitalย currency (CBDC) Still Far from Reality
Theย Unitedย States is not yet nextย to implementing a monetaryย authority digitalย currency (CBDC), according to Attorney General William Barr. Speaking at a fintech conference, Barr expressed concerns about stablecoins denominated in USD and theย capacity dangers they pose to financial stability, monetary policy, and the Unitedย States payments system. Althoughย while the Federal Reserve is actively researching blockchain technology and digital assets, including digitalย currencies and stablecoins, Barr madeย itย clearย that this does not mean a decision has been made on the next steps in payments system development. Regardlessย of CEO Jamie Dimonโs skepticism about digitalย currencies, JPMorgan continuesย to embrace blockchain technology, which could impact market sentiment and discussions regarding the role of digitalย currencies in traditional finance.
Bitcoinย (BTC) Price Prediction
Bitcoinย (BTC) is asย ofย now hovering just over the $26,000 mark, showing indicationsย of a probable upward shift. Nonetheless, thereย is strong resistance at $26,500 that needs to be overcome. If Bitcoinย (BTC) maintains a stance over this level, itย might lead to a wholeย lotย of upward movement towards $28,000. On the other hand, if it struggles to surpass the $26,500 threshold, a downward adjustment is possible, with support levels at $26,100 and $26,000. Breaking below these support zones could amplify bearish pressures, potentially pushing Bitcoinย (BTC) towards $25,500 or even lower.
Top 15 Digitalย currencies to Watch in 2023
Stay up to date with the digital asset market by exploring our carefully curated list of the top 15 alternative digitalย currencies and ICO projects set to make waves in 2023. These digitalย currencies hold promise, and itโs criticalย to keep track of their developments and probable impact in the industry.
Find the Best Price to Buy/Sell Cryptocurrency
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Hot Take
The Unitedย States governmentโs cautious approach towards implementing a monetaryย authority digitalย currency reflects theย capacity dangers and uncertainties associated with stablecoins. Althoughย while blockchain technology continuesย toย win acceptance in traditional finance, futureย ofย the digitalย currencies like Bitcoinย (BTC) remains uncertain. Investors and traders should closely monitor market trends and developments in the digital asset space to make notified decisions.
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