Bitcoin (BTC) price rallied over 8 percent last week to close above $63k following the ongoing economic shift triggered by the U.S. Fed's rate cut. Having successfully rebounded from the 50-week Moving Average (MA), Bitcoin price is now retesting the crucial resistance level above $64k.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week. In this issue, President Nayib Bukele announces a zero debt budget, a batch of Salvadoran coffee gets purchased using bitcoin, and Lightspark eyes the region's markets.

BTC neared $65,000 for the first time in four weeks.

The SOPR chart showed that price appreciation periods are naturally accompanied by holders taking profits.

Crypto Prices Today, September 23: The broader market illustrated a bag of mixed price actions today, garnering investor speculations globally. While Bitcoin (BTC) price held firm at the $64K mark, Ethereum (ETH), Solana (SOL), and XRP prices demonstrated mixed trajectories.

South Korean lawmakers are distancing themselves from cryptocurrency, claiming their wallets now contain nothing more than “crypto dust.” This follows a series of political scandals involving crypto, with several prominent lawmakers selling off their holdings. One Member of Parliament reportedly sold $85,200 worth of Bitcoin soon after declaring his assets.

BTC continues rally on ETF inflows and MicroStrategy purchases. Kamala Harris's crypto support sparks political interest ahead of SEC testimony.

With much of the rate cut-related euphoria and speculation now in the rearview, crypto prices may take a pause, some analysts have forecast.

Bitcoin whales have started taking profit as price sees uptrends. Will BTC be able to maintain a positive trend with the current profit-taking?

Argentina tax officials and naval security officers say they have thwarted a major Bitcoin mining hardware “smuggling” ring.

Leading coins were among the gains Sunday overnight after Democratic presidential nominee Kamala Harris mentioned cryptocurrencies for the first time during her election campaign.

Ethereum (ETH) is showing signs of nearing a cycle low against Bitcoin (BTC), according to noted analyst Benjamin Cowen. With over 813,000 followers on his YouTube channel, Cowen has established himself as a key voice in the crypto community, and his latest insights suggest that a significant price movement may be on the horizon for ETH/BTC.

The SEC has approved options trading for BlackRocks iShares Bitcoin ETF on the Nasdaq, marking the first spot Bitcoin ETF with options in the U.S., potentially transforming Bitcoin risk management for institutional investors. Options on BlackRocks iShares Bitcoin Trust, an exchange-traded fund (ETF), can now be traded on the Nasdaq in the same way as options on other ETFs, thanks to a September 20th SEC approval.

Michael Saylor, CEO of MicroStrategy, has stirred the crypto world by revealing credible rumors that major US banks may soon provide Bitcoin custody services, potentially revolutionizing the intersection of traditional finance and digital assets. Michael Saylor, CEO of MicroStrategy, has revealed that large US banks would soon be able to hold Bitcoin in custody.

Bitcoin could reach $200,000 by the end of 2025, according to Standard Chartered, driven by economic conditions, ETF growth, and a potential change in US regulatory policies. No matter who wins the 2024 US presidential election, Bitcoin will probably have hit $200,000 by the end of 2025, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, a cross-border bank, as noted by Cointelegraph.

As of today, Bitcoin is trading at $63,668, marking a significant rebound since it dipped to $52,546 earlier this month. This recent surge is not only impressive on a weekly scale but also reflects a 6.99% increase over the past month.

Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve's super-sized rate cut last week, while the yen and most other major currencies stagnated with Japanese markets on holiday.

As it has been doing for the past few months, the price channel that Bitcoin is trading inside is descending. When Bitcoin gets closer to the upper limit of this channel, which is around $70,000, the chance of another attempt to break through this level increases, but so does the chance of a drawback.

MicroStrategy CEO Michael Saylor has expressed strong optimism about the future of Bitcoin in light of recent developments in the cryptocurrency landscape. He believes that the introduction of options trading for Bitcoin exchange-traded funds (ETFs) will play a significant role in facilitating broader institutional adoption of Bitcoin.

Two individuals have been arrested for orchestrating a large-scale cryptocurrency heist, stealing over 4,100 bitcoins. Their complex laundering operation involved using multiple mixers and VPNs to cover their tracks. With the stolen funds, they lived lavishly, buying luxury cars and other high-end items. $230 Million Cryptocurrency Fraud Uncovered, Two Charged The U.S.

Investing in Bitcoin—or any cryptocurrency, for that matter—can feel like a daunting task, especially when faced with constant price changes. Understanding when to buy is vital, as it can significantly affect your overall returns.

The ETH/BTC pair had dropped to record lows, but is a bottom closer?

Jeff Park, head of alpha strategies at Bitwise Asset Management, is convinced that there is zero chance that Bitcoin ETF options will end up reducing the volatility of the underlying cryptocurrency.

An executive of Standard Chartered, Geoffrey Kendrick, has drawn attention in recent days in finance circles with an extremely vivid declaration that Bitcoin may reach $200,000 at the end of 2025.

A crypto analyst, Peter Brandt, forecasts the BTC/gold ratio to follow the inverted H&S pattern, suggesting a possible 400% surge in Bitcoin against gold.

Michael Saylor, co-founder and CEO of MicroStrategy, recently ignited excitement in the cryptocurrency community by sharing a bullish rumor about the potential for major U.S. banks to begin offering Bitcoin custody services. During a Wyoming Select Committee meeting on Blockchain Innovation, Saylor mentioned credible rumors indicating that some prominent banks might soon have the green light to hold Bitcoin on behalf of clients.

FBI agents just arrested two men accused of carrying out a heist that saw one victim lose about a quarter of a billion dollars worth of Bitcoin (BTC). The U.S.

It's a BIG number. Is it realistic?

Bitcoin's rally to $64,000 increased traders' interest in altcoins like AVAX, SUI, TAO and AAVE.

Bitcoin price retraced 2.6% to hit $62,000 on Sept 22, whale investors buying large amounts of BTC since the US Fed rates cut could trigger another rebound.

A valuable Bitcoin metric has dropped to levels that historically signaled buying opportunities.

Bitcoin is the first public currency accessible to everyone and represents the best hope for a freer future. According to Valkenburgh.

This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin's creation year have been spent.

Bears are trying to seize the initiative at the end of the week, according to CoinStats.

As October approaches, investors are looking ahead to what the month will bring this time around for Bitcoin and the entire crypto industry. Historically, October (often referred to as “Uptober”) has been a month of significant upward momentum for Bitcoin since the crypto's creation.

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a surge in investor interest on Friday, recording $92 million in net inflows despite a market downturn.

Right now, a major hidden warning signal is showing up on Bitcoin's chart, signaling potential challenges ahead. According to analyst Josh of Crypto World, despite the price looking strong in the short term, there's a hidden bearish divergence that could hint at a continuation of the larger bearish trend.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, is one of the best-performing digital assets so far in 2024. Despite its recent struggles in the last two quarters, the premier cryptocurrency is up by more than 137% in the past year.

The Bitcoin (BTC) mining race intensified between China and the United States, recently dominated by the former in a shift. AntPool mined nearly one-third of all newly issued BTC in the last 24 hours, concentrating block production and mining rewards.

According to the latest data, the blockchain network Fractal Bitcoin continues to capture around 226 exahash per second (EH/s) of Bitcoin's hashrate via merged mining. Additionally, Fractal Bitcoin's native crypto asset, FB, achieved an all-time high (ATH) last week but has since dropped 61.9% below that ATH just six days later.

Bitcoin fields increasingly bullish market prognoses, but a trader argues that more evidence of a BTC price trend change is needed.

Bitcoin could grow by over 400% versus gold in the coming months, according to a technical setup shared by seasoned analyst Peter Brandt.

In its recent white paper titled “Bitcoin: A Unique Diversifier”, BlackRock dives deep into the characteristics of Bitcoin that make it a compelling asset for modern investment portfolios. While Bitcoin has been known for its volatility, BlackRock underscores its value as a distinct and non-correlated asset that offers diversification opportunities, particularly for institutional investors.

The cryptocurrency world may be on the brink of a significant transformation, as market expert Fred Krueger asserts that a long-awaited Bitcoin bull run is finally beginning. His analysis suggests that several factors could lead to a substantial price surge for Bitcoin (BTC) in the coming months, creating a buzz among investors and enthusiasts alike.

Did you know that you can staking with Bitcoin? Babylon is an innovative platform that has overcome the limitations of Bitcoin, allowing investors to generate extra returns by blockchaining their cryptocurrencies.

Bitcoin (BTC) is on a six-month bear market, down-trending from March's $73,800 all-time high to as low as $49,100, but this trend could shift as signals of a bull run surge on the horizon.

On-chain analyst Willy Woo says one classic indicator is suggesting that now is an opportune time for bulls to position themselves for Bitcoin's (BTC) next leg up. On the social media platform X, Woo looks at the Puell Multiple, which has often been used to call tops for Bitcoin.