While the price of bitcoin (BTC) corrects, after reaching an all-time high at the beginning of October, the price of an ounce of gold hits an all-time high of $4,380. A situation marked by the volatility that occurs in the midst of financial markets that are experiencing days full of expectations.
In this way, in a world where confidence in traditional money is shaking, assets like gold and BTC They emerge as refuges from uncertainty. A situation that has become a kind of price fight in which both rise and fall in the short term. This is how they stand firm as investment alternatives.
The analyst who identifies himself as EndGame Macro describes the rise in gold as “the cry of the market,” a warning that something structural It is breaking. An idea that is also defended by the majority of bitcoiners, for whom a possible overvaluation of gold could cause a capital rotation towards bitcoin.
And while the precious metal and the creation of Satoshi Nakamoto remain firmly in investor preference, despite its volatility, the world is attentive to new US interest rate announcements and on potential solutions to war conflicts.
In regional matters, the European Union puts obstacles in its way to Russian stablecoin operations through a new round of sanctions. This, at the same time that a new stage opens for cryptocurrencies in Bolivia, after the electoral victory of Rodrigo Paz, and El Salvador has a new regulated platform for bitcoin.
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