The arrival of the month of October is usually a significant event for bitcoin (BTC). Historically, the tenth month is usually favorable, as in the last 14 years it has only recorded negative balances for the digital currency twice. Hence it is known as Uptober (bullish October). However, it is unclear whether history will repeat itself this time. The winds of war blowing in the Middle East are changing the landscape and covering the markets with clouds of uncertainty. Gold continues to shine as the preferred asset, reaching a new all-time high. This, while the oil market is mobilized with a rise in hydrocarbons. The situation It is not so clear for assets like bitcoin. The price of BTC goes up and down and shows no signs of a defined horizon. But its dual role as a risk asset and value haven can make an important difference, in a scenario where there are also fears of recession and inflation. In regional matters, information from Uruguay stands out, where a Bitcoin Law was enacted; while cryptocurrency operations grow in Bolivia and Worldcoin arrives in Guatemala. From the other side of the continent, worrying news comes from China, which is moving forward with its de-dollarization plan alongside Russia. If you missed some of the most relevant news of the week, don't worry, we've compiled them here for you with our multimedia information menu.
Below, we condense all the news events of the last week with our compilation video.