This week the news about Bitcoin (BTC) was marked by political events. The long-awaited United States presidential elections were held on November 5, leaving Donald Trump as the winner. The former president returns to the White House after losing the race against Joe Biden four years ago, with the promise of making the United States a more favorable territory for digital currency.
Now the community is debating whether or not Trump will fulfill his promises for the sector within the next 4 years. In any case, “Bitcoin does not need Trump to advance,” the majority points out. However, the positive expectations generated by the Republican’s victory, led to BTC marking a new all-time highexceeding USD 75,000 by November 6.
A new mark arrived the next day, with BTC above USD 76,000 amid the Fed’s interest rate cuts. This fulfills the hope that the market had been holding for several weeks, with most analysts anticipating the rise based on these factors linked to the American dynamics.
At the regional level, the community reflects on the news brought by LaBitConf held in Argentina. The regulators of the South American country attended the event to make progress on the regulation prepared by the National Securities Commission, while the Bolivian representative, Mariela Baldivieso, spoke about the contributions that cryptocurrencies have brought to her country’s economy. Regarding adoption, they met advances in the international use of CBDC from chinathe digital yuan.
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We condense all the news events of the last week in this video:
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