Bitcoin (BTC) Falls 10% During First Round of Argentina Elections

2023-10-25 17:15

The hype surrounding the recent Argentina elections has come and gone, with Sergio Massa winning the first of two rounds. At the same time, Bitcoin (BTC) dropped considerably in the South American nation.

Massa’s victory increased Bitcoin’s volatility during the first round of Argentine elections before the runoff next November. BTC’s selling price dropped 10% during the election.

Bitcoin Falls 10% as Massa Wins Argentina Polls

The diversity of dollars in Argentina (crypto, wholesale, retail, blue) has created an environment of uncertainty, causing many Argentines to choose cryptocurrencies. Most adopters have resorted to stablecoins to hedge against Argentina’s high inflation.

Read more: Best Upcoming Airdrops in 2023

Following the elections, Bitcoin is trading at 33 million Argentine pesos, according to Ripio, a local exchange. The asset’s selling price fell by almost 10% in the past 24 hours.

Bitcoin falls 10% | Source: Ripio

BeInCrypto previously reported how the cryptocurrency spiked during Tuesday’s election. On various platforms, Bitcoin rose well above the crypto dollar.

Bitcoin price 43 Million Pesos | Source: Coinmonitor.info Milei’s Bitcoin Stance Greatly Exaggerated

Despite his partial victory, Massia still has to win the second round against Javier Milei. Massa is the Minister of the Economy of the Argentine Republic, a country experiencing three-digit inflation for the first time since 1991.

The minister has also recently made headlines for his support of an Argentine central bank digital currency (CBDC). 

Many call Massa’s rival Milei the next “Nayib Bukele” because of his apparent pro-Bitcoin stance. However, the crypto community remains skeptical. 

X User @MadisIT summed up the feelings of the crypto community:

“Don’t invent things. Milei has never said he’s pro-Bitcoin. He is pro-liberty. He will close the central bank of Argentina, the government will use USD for taxes but the people and businesses in the private sector can choose any money best see fit. Be it Bitcoin, USD, gold or seashells.”

Do you have something to say about Bitcoin’s 10% drop, Sergio Massa’s victory in Argentina, the devaluation of the Argentine peso, or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

The post Bitcoin (BTC) Falls 10% During First Round of Argentina Elections appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

RoundCoin (ROUND) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ROUND

round bitcoin elections price argentina falls btc

Источник: beincrypto.com

round bitcoin → Результатов: 126


Bitcoin Company NYDIG Raises $1 Billion in Latest Funding Round at a Valuation of $7B

Bitcoin financial services company NYDIG announced this week that it had raised $1 billion in its latest funding round led by VC firm WestCap at a valuation of more than $7 billion. Existing investors Bessemer Venture Partners, Morgan Stanley, New York Life, Mass Mutual, FIS, Fiserv, and Affirm holdings also participated in the round.

2021-12-15 22:07


StackSwap Completes $1.3 Million Round To Implement The World’s First DEX On Top Of The Bitcoin Network

StackSwap’s plans to launch the first decentralized exchange on the Bitcoin network just finished their first private round. After raising $1. 3 million, with a leading investment from the Stacks Foundation, and major international investors such as HashKey, Genesis Block Ventures (GBV), and SOSV, the project is set to launch in November.

2021-11-5 14:38


Barry Silbert’s DCG Raises $700 Million in the 2nd Largest Crypto Investment Round from Google and SoftBank

Bitcoin is “unstoppable at this point,” while 99% of crypto have no reason to exist, said DCG CEO Barry Silbert, but he’s “a believer in creative destruction,” so that's okay. The post Barry Silbert’s DCG Raises 0 Million in the 2nd Largest Crypto Investment Round from Google and SoftBank first appeared on BitcoinExchangeGuide.

2021-11-1 16:37


Фото:

Portal, a Bitcoin-Based DeFi Protocol Raises $8.5 Million in Latest Funding Round

Portal, a Bitcoin-based decentralized exchange (DEX) today announced the closure of a whopping $8.5 million funding round led by prominent investors. Portal Raises $8.5 Million in Funding Round Looking to leverage the benefits of the Bitcoin network, Portal DEX today announced it had successfully raised a total of $8.5 million in its latest funding roundRead More

2021-9-22 17:00


Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From Kentucky Facility

Blockware announced on Thursday that a second oversubscribed fundraising round had raised $25 million. Blockware Raise Money In Oversubscribed Round North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in a second oversubscribed funding round, bringing the company’s total capital raised to more than $32 million. They want […]

2021-7-2 01:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru