🔺The last days of October were marked by two key events, both of which ultimately led to market lock-ups.

On the one hand, Jerome Powell, with a cautious tone and emphasis that a December interest rate cut was not certain, pushed back market expectations and prevented the formation of a new wave of liquidity.

On the other hand, the meeting between Trump and Xi Jinping in Busan, although it temporarily calmed the atmosphere of trade tensions and led to a limited reduction in tariffs, did not make progress on key issues such as technology and the structure of economic relations.

The result of these two cautious approaches was a market that preferred to wait rather than take risks.

In this atmosphere of uncertainty, #Bitcoin was also unable to escape support levels or gain the energy necessary to start a new trend. Contrary to many expectations, October this year did not start a rally and became more of a period of conservatism for policymakers and investors.

In times like these, when monetary policy and geopolitical uncertainty go hand in hand, #Bitcoin is once again reminding us of its long-term nature, rather than short-term excitement.