During the elections there is an exchange rate that continues to be quoted and that could serve as a market thermometer.
Crypto dollar: how much the exchange rate that never sleeps is quoted at
The crypto dollar or Bitcoin, which operates 24 hours a day every day of the year, continues trading this Sunday, October 22 during the elections. So, rises 2.4% $1,244.51. It should be remembered that the value of the crypto dollar offers a projection of the parallel exchange rate, so Following its evolution is advisable given the context.
On Friday the blue dollar closed at $900after the Government decided to reinforce control measures in the informal market with new operations in several cities in the country, which maintained paralyzed to the caves. That is why the The informal market operated very limited in recent days. Throughout the short week, the parallel dollar registered a loss of $80 or 8.2%.
As for financial dollars, the MEP dollar rose $9.81 (+1.1%) and closed on Friday $899.41. In that way, the gap with the officer he reached the 157.1%. The “Cash with Settlement” dollar (CCL), for its part, flew $153.52 (+16%) and closed at $1,110.59. Thus, the spread with the officer It stood at 217.4%. With these values, the crypto dollar is positioned as the most expensive on the market.
Crypto dollar: everything about its price
It is worth remembering that The crypto dollar operates completely digitallywhich allows it to be available 365 days a year, 24 hours a day.
Specific, cryptocurrencies are purchased through virtual wallets. But they are not all cryptocurrencies, but only the so-called stablecoins whose value is tied to the US dollar.
For its part, The 3 most traded are Tether (USDT), USD Coin (USDC) and Dai (DAI).The parity is a DAI, a USDT or a USDC, whose value is equivalent to one dollar. Like 30 years ago, with convertibility, but instead of pesos, cryptocurrencies.
Regarding its transactions, since the purchase and sale of cryptocurrencies is outside the traditional exchange market, quotes and operations are not suspended on weekends or holidays nor after 3 in the afternoon, when the banks close: they are still available 24 hours a day, 7 days a week operating. That is to say, you can buy crypto dollars not only from Argentina but from anywhere in the world.
The crypto dollar, being unregulated, offers a more speculative and riskier optionbut for that reason no less attractive for those who want to move away from the formal market and enter a world of uncertainty, volatility and the prospect of profits without the intervention of outsiders.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
