Bitcoin price has hit another record in Argentina, with one bitcoin reaching a value of 10.2 million Argentine pesos on Aug. 14.
The price of Bitcoin has jumped to a fresh high in Argentina since the news that Bitcoin-friendly presidential candidate Javier Milei won a primary election on Aug. 13, with 1 BTC reaching a value of 10 million Argentine pesos on Aug. 14, according to data from CoinGecko.
of one Bitcoin at approximately 20.3 million Argentine pesos as of the time of this update, per CoinMonitor data.While global cryptocurrency markets are experiencing a notable slump, some parts of the world are still recording new all-time highs for Bitcoin. In Argentina, Bitcoin has seen a sharp climb this week, with BTC rallying 21% from 8.4 million ARS to 10.2 million ARS in less than one hour on Monday.At the same time, Bitcoin has been steadily gaining value against ARS since late 2022.
Since hitting a new record high, BTC price versus ARS has dropped slightly. At the time of writing, Bitcoin is trading at 9.9 million ARS, down around 3% from its all-time high levels. The most recent Bitcoin rally in Argentina has been attributed to the presidential primary win by pro-Bitcoin presidential candidate Milei. After winning the primary with more than 30% of votes, Milei is now the front-runner in Argentina’s general election in October.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Argentina -- Presidential Frontrunner Javier Milei: Rioters Will Have to 'Drag Me Out Dead' to Stop ReformsArgentine presidential front-runner Javier Milei affirmed his commitment to a reduction in the size of the government on Tuesday evening.
Read more »
Tether discontinues USDT support on Bitcoin, Kusama and Bitcoin CashStablecoin issuer Tether is discontinuing support for USDT on the Bitcoin, Kusama and Bitcoin Cash blockchains.
Read more »
Opinion | Argentina’s polarized politics are a warning for the U.S.Javier Milei, a rising far-right politician, represents what’s left after polarization exhausts itself without offering any real solutions: pure anger.
Read more »
Fundstrat’s Tom Lee Predicts Bitcoin Price Will Surge to $150,000 if This HappensPermabull Tom Lee has shared yet another uber-bullish Bitcoin price prediction
Read more »
Bitcoin support levels to watch as BTC price aims at $28KBitcoin bulls should be able to defend $28,000, a trader says as BTC price weakness persists.
Read more »
Analysis | In Argentina, a new Trump risesOn Sunday, Javier Milei won the most votes in Argentina's primary election. His critics see, in his extreme rhetoric and views, a deadly threat to democracy.
Read more »