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The fighting between bitcoin and gold is heating up, find it in the news summary.
Geopolitical instability has not canceled the bitcoin bull market
Bitcoin rises and gold plummets. What is happening in the market?
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 a historic record of 4,380 dollars. A situation marked by volatility occurring amid financial markets that are experiencing days full of expectations.
In this way, in a world where trust in traditional money is wavering, assets like gold and BTC emerge as havens against uncertainty. A situation that has led to a kind of price struggle where both rise and fall in the short term. Thus, they remain strong as investment alternatives.
The analyst identifying himself as EndGame Macro describes the rise of gold as “the market's scream”, a warning that something structural is breaking. An idea that is also supported by most bitcoiners, for whom a possible overvaluation of gold could trigger a rotation of capital towards bitcoin.
And while precious metal and the creation of Satoshi Nakamoto remain strong in investors' preference, despite their volatility, the world is watching for new announcements on interest rates in the U.S. and potential solutions to the war conflicts.
In regional matters, the European Union imposes restrictions on the operations of Russia's stablecoins through a new round of sanctions. This comes as a new phase opens for cryptocurrencies in Bolivia, following the electoral victory of Rodrigo Paz, and El Salvador has a new regulated platform for bitcoin.
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