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How much is the crypto dollar trading at on the first day of Javier Milei’s Government

How much is the crypto dollar trading at on the first day of Javier Milei’s Government

The day after the inauguration of Javier Milei as President continues to cause movements in the market crypto dollar. It is worth remembering that the blue dollar closed at $990 on the last business day, while the financial dollars They are between $980 and $991.

This Sunday, during the inauguration speech in front of Congress, the crypto dollar reached shoot up 6% and stand above the $1,200. However, shortly after the exhibition ended, the rise moderated and is above $1,000 on average. In Bitsothis Monday, December 11, the crypto dollar is trading at $997.62.

It should be remembered that the value of crypto dollar It offers a projection of the parallel exchange rate, so following its evolution is advisable given the context. Likewise, today it would seem to be the only dollar that is not intervened and that can be a reference for Monday.

Savers are looking for various forms of investment to protect themselves from high inflation and volatility in the exchange market. In this context, “digital dollars” have recently gained adoption as an attractive alternative.

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Savers are looking for various forms of investment to protect themselves from high inflation and volatility in the exchange market.

Crypto dollar: everything about its price

It should be remembered that the crypto dollar It operates completely digitally, which allows it to be available 365 days a year, 24 hours a day.

Specifically, cryptocurrencies are purchased through virtual wallets. But They are not all cryptocurrencies, but only the so-called stablecoins (stable coins) whose value is tied to the US dollar.

For their 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 or after 3 p.m., when banks close: they are still available 24 hours a day, 7 days a week trading. That is to say, you can buy crypto dollars not only from Argentina but from anywhere in the world.

The crypto dollarnot being regulated, offers a more speculative and riskier option, but That is why it is 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.

And to understand, because this crypto dollar operates on weekends, It is enough to understand that cryptocurrency transactions are found by outside the traditional exchange market, Therefore, their quotes and operations are not suspended at any time of the day.

Source: Ambito

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