In a historic day For Argentina where the future of the coming years is defined, the crypto dollar either ““Bitcoin dollar”, is the reference price for market analysts. During the elections, this exchange rate that operates 24 hours a day becomes an indicator to account for investors’ expectations minute by minute. In this note, we tell you how much it quotes.
The Bitcoin dollar or crypto dollar operates at $994, according to the average among local exchanges reported by Coinmonitor. This value is close to the symbolic value of $1,000 and is more than $40 above the Dolar blue which closed on Friday at $950 and the gap is even larger with the MEP dollar which stood at $872.
Its price is important, since the value of the crypto dollar offers clues about the eventual evolution of the parallel exchange rate.
Crypto dollar: everything about its price
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.
