Global #Bitcoin

The International Monetary Fund (IMF) has once again raised alarms regarding El Salvador's embrace of Bitcoin, urging the Central American nation to reevaluate its controversial cryptocurrency legislation.

Metaplanet, a Bitcoin investment firm, has announced a significant move to bolster its Bitcoin reserves by selling 233 Bitcoin (BTC) put options. In a statement released on October 3, the firm detailed that it earned a premium of 23.97 BTC from this transaction, highlighting a strategic approach to leverage Bitcoin’s inherent volatility.

In an era where digital assets are increasingly shaping the financial landscape, the proposal for a National Bitcoin Reserve has begun to attract significant attention from both sides of the political aisle.

U.S. spot Bitcoin exchange-traded funds (ETFs) faced a notable setback on Wednesday, witnessing outflows totaling $91.76 million. This decline marks the continuation of a negative trend, with two consecutive days of net outflows that raise concerns among investors about market sentiment.

Argentina's Vice President, Victoria Villarruel, recently met with El Salvador's President, Nayib Bukele, during his visit to Buenos Aires, where the focus was largely on Bitcoin (BTC) and its implications for both nations.

As October dawned, analysts and investors were filled with optimism, expecting a repeat of the historical bullish trend known as “Uptober.” However, this optimism was quickly overshadowed by shocking market movements, leading some observers to dub the month “Rektober.”