Pro-Bitcoin Javier Milei wins Argentine presidency

Price Bitcoin remained steady throughout last week, rising just 0,25%, even with some volatility along the way. The cryptocurrency started last week around $36, but at the beginning of the week it fell below $700, and then in the middle of the week it rose to over $35. However, the price returned to its starting point and was around $000 on eToro this morning.

Ethereum had weaker results - in seven days it fell by about 1,85%. on a week-to-week basis. Initially, the cryptocurrency cost just over $2000, but within seven days its value dropped to around $1.

Among the best results on eToro he found himself last week Fetch.ai, which has seen its price rise by less than 20% as many artificial intelligence-related cryptocurrencies and other investments have performed well in recent days. eToro Artificial Revolution Smart Portfolio has increased by 10 percent so far. in November.

Potentially busy week for the cryptocurrency market

Already tomorrow Federal Reserve United States will release its latest meeting information - it tends to move the markets. These minutes provide a deeper insight into the central bank's thinking. As inflation slows, investors are looking for confirmation that we may be on top of interest rates.

Also on Tuesday, Nvidia will release its latest results. The company became the poster child of the AI ​​revolution as a pick and shovel for investors. Cryptocurrencies are likely to react to the company's announcements.

On Wednesday in the UK, Chancellor Jeremy Hunt will publish the government's autumn statement. While little has been tracked in advance, key tax cuts have been touched upon and cryptocurrency investors will be watching for further updates for the UK sector.

US financial markets are closed on Thursday for Thanksgiving, while Black Friday kicks off the holiday shopping season. We see a tendency for low trading volumes on Thanksgiving Day, which may lead to volatility in major investment markets, including the cryptocurrency market.

Pro-Bitcoin Milei wins Argentine presidency

Libertarian pro-Bitcoin presidential candidate Javier Milei won the presidential race in Argentina. Milei describes himself as an "anarcho-capitalist" and has expressed positive views on bitcoin, calling it a return to privatized money.

READ: The Argentine Crisis - Tango with Debt and Bankruptcies

A member of the German parliament proposes that bitcoin become legal tender

Joana Cotar, a member of the German Bundestag, recommended that Bitcoin has become legal tender in Germany. The MP announced that she intends to conduct a preliminary analysis on how to create a framework for making bitcoin a legal tender in Germany.

Bitcoin held in exchange wallets is growing

According to data in Glassno, the value of bitcoins held in exchange wallets is rising by about $1,16 billion per month as investors seek to take advantage of the refreshed cryptocurrency market. Inflows into stock markets could pose potential selling pressure as investors look to sell at better price levels.