The #dólar US dollar broke the barrier of 4,400 Colombian pesos #cop in today's session, due to the drop in oil prices in international markets. This decline in crude oil prices has generated a higher demand for the US currency, which has put upward pressure on its value.

My prediction is that the dollar $USDC
could rise even further, reaching levels of up to 4,500 pesos in the coming weeks. This is because the Colombian economy remains vulnerable to changes in oil prices, the country's main export product.

The rise of the dollar will have a significant impact on the Colombian economy, especially in the import and export sectors. Consumers will also feel the effect in their pockets, as the prices of imported products will increase. The government and the Bank of the Republic will need to take measures to mitigate the impact of this rise in the dollar.

Higher #Dollar in Latin America due to Mexico

México's political risk has driven the dollar's value higher in Latin América. Policy uncertainty and tensions between the government and private sector have weakened the Mexican peso. Investors seek safer assets, boosting demand for the dollar. This trend ripples across Latin América, where currencies are closely tied to the peso. Argentina, Colombia, and Chile's currencies have also depreciated. A strong dollar increases import costs, fueling inflation concerns. Central banks may raise interest rates to stabilize their currencies. México's political climate will continue shaping the region's economic outlook, influencing dollar pricing and trade dynamics in Latin América. $USDC

We have been in correction territory but a #Bullish run is still coming to #Bitcoin❗

Gold going up to...

Oil going down to...

_Oil Price Forecast: Sharp Decline Ahead_

Our analysis indicates that oil prices are poised for a significant downturn, plummeting to $60 USD by December 2024. The primary driver of this decline will be the high probability of Saudi Arabia and the United States opening the oil faucet, flooding the market with increased supply.

Rising tensions between OPEC+ nations and the US have led to speculation about Saudi Arabia's potential decision to boost oil production. Concurrently, the US is likely to unleash its strategic petroleum reserves, further saturating the market.

As supply surges, demand destruction will accelerate, exacerbating the downward pressure on oil prices. The impending global economic slowdown will also contribute to reduced oil consumption.

Investors should prepare for a sharp decline in oil prices, potentially disrupting the energy sector. Companies with high production costs will be disproportionately affected, while consumers may benefit from lower fuel prices. This shift will have far-reaching implications for the global economy.

Gold Price Forecast: Correction Ahead, Followed by Surge

The current geopolitical landscape, marked by escalating conflicts in Israel and Ukraine, coupled with unprecedented global money printing by Central banks, is poised to significantly impact gold prices. Our analysis suggests that gold will experience a temporary correction to around $2,500 USD before rebounding to #USDT 2,775 USD in november of 2024#GOLD_UPDATE

The ongoing wars in Israel and Ukraine have sparked safe-haven demand for gold, driving prices higher. However, this upward momentum will be briefly interrupted by a corrective phase, driven by profit-taking and technical consolidation.

As Central banks continue to inject liquidity into the financial system, inflation concerns will intensify, fueling gold's appeal as a hedge against currency devaluation. This, combined with the geopolitical tensions, will propel gold prices to $2,775 USD.

Investors should capitalize on the impending correction to accumulate gold positions, positioning themselves for the subsequent price surge. This strategic move will yield substantial returns as gold solidifies its status as a safe-haven asset.

The dollar #Dollarmoon! is on an upward trend in Colombia, with projections indicating that it will reach 4,350 pesos in November or late October 2024

First, the **mining and trucking strikes** in six departments have generated a significant interruption in the chain of events. These strikes have increased economic uncertainty and contributed to the devaluation of the Colombian peso.

In addition, the **economic reforms** implemented by the government have generated an environment of uncertainty among investors and financial markets. These reforms, although necessary, have been perceived as an additional risk that could affect the country's economic stability.

Finally, the *scarcity of rainfall* has had a negative impact on agriculture and hydroelectric power production, which has increased production costs and generated additional inflationary pressures

Together, these factors have created a challenging economic environment for Colombia, and the dollar is expected to continue its rise in the coming weeks

China's Rate Cuts to Fuel #UptoberBTC70K? Bitcoin Rally: $BTC 71K in Sight

In a surprise move, China's central bank announced a new round of rate cuts, aiming to stimulate economic growth. This decision is expected to have a profound impact on the global economy and, specifically, the cryptocurrency market.

Analysts predict that China's rate cuts will inject liquidity into the market, creating a favorable environment for risk-on assets like Bitcoin. As investors seek higher returns, they may turn to cryptocurrencies, driving up demand and prices.

The timing couldn't be better, with the last week of October 2024 poised to witness a significant Bitcoin rally. Experts forecast that Bitcoin will break through the $65,000 resistance level and reach $$USDC 71,000, driven by:

1. Increased liquidity from China's rate cuts
2. Growing institutional adoption
3. Improving market sentiment
4. Technical indicators suggesting a breakout

This potential price surge would solidify Bitcoin's position as a safe-haven asset and store of value. Investors are advised to keep a close eye on market developments and consider strategic positions.

While predictions are uncertain, China's rate cuts have created a compelling narrative for a Bitcoin rally.
$BTC

The dollar in Colombia: it will reach $USDC 4.350 pesos in November 2024, the euro at 4.725

In recent days, the dollar has maintained a stable pace in Colombia, closing at 4,252.15 Colombian pesos on Monday, October 21, 2024 ¹. While the euro in the area of ​​4,600.
However, several factors could influence its value in November of this year.
*Factors that could influence the value of the dollar*

- *Weakening of the oil price*: The decrease in the price of oil could affect the Colombian economy, which in turn could influence the value of the dollar.
- *Labor reform*: Changes in labor legislation could impact the country's economy.
- *Gas price increase*: The increase in the price of gas could generate inflation and affect the purchasing power of Colombians.
- *Lack of rain*: The drought could affect agricultural production and, therefore, the country's economy.
- *Insecurity*: Political and social instability could deter foreign investment and affect the economy.

**Unemployment Rising, Public Bridges Falling: Germany Faces Growing Discontent Amid Migration Tensions**
#Germany is currently grappling with a surge in unemployment, deteriorating public infrastructure, and rising public discontent towards migrants. The unemployment rate has reached a three-year high of 6%, with the number of unemployed individuals rising by 17,000 to 2.823 .

Check out my findings

India's bond market has experienced a rally in September and October 2024 and this will keep injecting money into #Bitcoin❗ as millions of people in India have started to invest in alternative asset classes. According to experts, this trend is likely to continue, making it an attractive environment for variable income investments such as #Bitcoin which just broke the $66K resistance and it is on ito way to $70K this October

*Key Factors Contributing to the Rally for #Bitcoin*

- _Lower Interest Rates_: The Reserve Bank of India's potential rate cuts have boosted investor sentiment, leading to increased demand for bonds ¹.
- _Economic Slowdown_: India's economic growth has slowed down, making bonds a more attractive option for investors seeking stable returns ¹.
- _Global Trends_: The global bond market rally has also influenced India's bond market, with investors seeking higher yields in emerging markets ².

*Investment Opportunities*

Investors can consider investing in high-quality #cryptocurrencies
*Conclusion*

The Indian bond market rally in September and October 2024 presents opportunities for investors in #Bitcoin❗ . With expectations of lower interest rates and economic slowdown, fixed income investments are becoming increasingly attractive. As always, it's crucial to stay informed and adapt investment strategies to navigate the evolving market landscape.

Sources:
² Schwab Funds - Bond Market Update – October 2024

*India's Looming Liquidity Injection: A Boom for Bitcoin?*

As the global economy grapples with uncertainty, India, the world's third-largest economy by purchasing power parity, may soon find itself under pressure to inject liquidity into its financial markets. This potential move could have far-reaching consequences, including a beneficial impact on the cryptocurrency market, particularly Bitcoin.

*The Need for Liquidity Injection*

India's economic growth has been slowing down, with the country's GDP growth rate slipping to a five-year low of 5.8% in the last quarter of 2020.

*Lower Interest Rates: A Boost to Bitcoin?*

Lowering interest rates can have several consequences that could benefit Bitcoin:

1. *Reduced Opportunity Cost*: With lower interest rates, traditional assets such as bonds and savings accounts become less attractive, leading investors to seek alternative investments with higher potential returns, such as cryptocurrencies like Bitcoin.
2. *Increased Speculation*: Lower interest rates can fuel speculation in financial markets, which may lead to increased investment in volatile assets like Bitcoin.
3. *Weakened Rupee*: Lower interest rates can lead to a depreciation of the Indian rupee, making Bitcoin, pegged to the US dollar, more attractive to Indian investors seeking to hedge against currency fluctuations.

#Bitcoin Growing Popularity in India*

Despite regulatory uncertainty, Bitcoin has gained significant traction in India.

*Global Precedent*

India is not alone in considering liquidity injection. Central banks worldwide have implemented similar measures to stimulate economic growth. The US Federal Reserve, for instance, has lowered interest rates to near-zero levels, while the European Central Bank has implemented negative interest rates. These measures have contributed to the growing interest in cryptocurrencies, including Bitcoin.

*Conclusion*

As India considers injecting liquidity into its financial markets, #Bitcoin❗ may emerge as a beneficiary by reaching $BTC 70K #USDT in October 2024.

Hi, Mates. This is why I'm taking a trade in $ETH at 3.800. First of all, Ethereum has a very appealing ETF, ETFs are all over the news not just in the U.S but all around the world, this a hot season for #ETHSurge . Another important reason is that several American government entities are currently meeting to pass rules that allow for trading in digital assets. I'm going to close my trade at 4.200 USDT due to the resistance you can see on the picture.

$BTC Mates, I will share you why I bought $BTC at 68.000 USDT. #BlackRock outflows hasn't been too big even in the mist of a shaky stock market, currency risk globally. All this week many companies have been giving their Earnings reports, which by the way have been discouragely lower compare to last year, nonetheless #BTC has hold its ground. I'm pretty sure it will hit at least 73K in just a few days, if it's not this weekend