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As Bitcoin prepares for a significant movement that could occur following tomorrow's Federal Reserve meeting—an outcome that may displease many buyers—Argentina is considering allowing domestic banks to trade digital assets and offer cryptocurrency-related services, a move that could accelerate cryptocurrency adoption in the country.
The Central Bank of the Argentine Republic recently announced that it is working on changes to its current regulations, which currently prohibit banking institutions from engaging in activities related to digital assets.
If implemented, this step would represent a substantial shift in Argentina's approach to cryptocurrencies. Up until now, regulations in this area have been quite stringent, with direct access to digital assets restricted for banks. Allowing banks to provide cryptocurrency-related services would create new opportunities for investors and users, as well as enhance the infrastructure for trading digital assets.
Several factors are expected to influence the central bank's decision. First, there is the growing popularity of cryptocurrencies among the population. Second, there is the desire to stimulate economic growth through innovation in the financial sector. Third, Argentina aims to align itself with global trends in the regulation of digital assets. For banks, this would open new prospects, enabling them to expand their service offerings, attract new clients, and increase profitability. Furthermore, the involvement of banks in the cryptocurrency space could enhance trust in digital assets and promote their wider acceptance.
It is anticipated that these new changes may be approved as early as April 2026. According to media reports, local experts and exchanges have stated that granting local banks access to cryptocurrencies and digital asset services could signal the dawn of a new era of widespread adoption in the region.
It is worth noting that Brazil, the leading country in Latin America in terms of cryptocurrency volume, recently expanded its financial regulations to include the digital asset industry. The new rules require cryptocurrency service providers to obtain permission from the central bank to operate.
Trading recommendations:
Regarding the technical outlook for Bitcoin, buyers are currently targeting a return to the $90,300 level, which would open a direct path to $92,800; from there, it would be a short distance to $95,000. The ultimate target will be the peak around $97,300, and a breakthrough above this level would indicate attempts to return to a bullish market. Should Bitcoin decline, I expect buyers around the $88,200 level. A return below this area could quickly push BTC down towards $85,800, with the further target being the region of $83,200.
For Ethereum, clear consolidation above the $3,126 level opens a direct path to $3,233. The ultimate goal will be the peak around $3,362, and surpassing this level would indicate a strengthening of bullish market sentiments and renewed buyer interest. If Ethereum declines, buyers are anticipated at the $3,023 level. A drop below this area could rapidly push ETH down to around $2,924, with the ultimate target being around $2,858.
What we see on the chart:
- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;
- Green lines indicate the 50-day moving average;
- Blue lines indicate the 100-day moving average;
- Light green lines indicate the 200-day moving average.
Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।