Bitcoin Price Struggles Around $61,250 Pivot Point as IMF Warnings Contradict Bullish Outlook

Bitcoin (BTC) price is mixed amid recent geopolitical developments and tightening regulatory oversight, with increased global focus on cryptocurrencies underscored by Ripple’s expansion into Brazil and the International Monetary Fund’s (IMF) call for El Salvador to tighten Bitcoin regulations. Meanwhile, JP Morgan (NYSE:JPM) suggests that the upcoming US elections and geopolitical tensions will be accompanied by increased interest in Bitcoin as a hedge against current uncertainty. With BTC/USD holding near key technical levels, traders are waiting for signs of a potential near-term price breakout.