Bitcoin has been reacting to global events. Without losing its upward trend, it is interesting to observe the behavior of prices along with certain events, such as the events of these days in Spain, and more specifically in Catalonia. The resulting increase in the price of bitcoin has left many debating whether cryptography could be used as a tool for financial liberation. The cryptocurrency won in light of developments in Spain, serving as a safe haven for investors exposed to euro-denominated instruments and European stock markets.
The events surrounding the Catalan referendum that seeks the independence of that region of Spain have stirred many controversies that have directly impacted many sectors. After declaring the referendum and the respective vote illegal, the Spanish government decided to freeze Catalan finances to ensure that state funds were not used to fund the referendum.
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