After a historic day For the Argentina in which Javier Milei was elected, the crypto dollar either ““Bitcoin dollar” which is the reference price for market analysts and which It operates 24 hours a day, it is also an indicator to account for the expectations of investors minute by minute..
The Bitcoin dollar or crypto dollar rose 20% on Sunday and advanced to $1,200based on the average among local exchanges reported by Coinmonitor. After knowing the winner’s speech, The price moderated its rise and is currently at $1,051.
It should be remembered that the dollar blue that closed on Friday at $950 and to MEP dollar that 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.
