2023-11-20 00:41:00
With the results of runoff 2023 that showed how winner to Javier Mileithe only open market is the crypto dollar. This exchange rate works as a thermometer during the electoral process and in view of what may happen on Tuesday, November 21, the first business day of the week, with the blue dollar.
The crypto dollar is the exchange rate for access foreign currency through cryptocurrencies. In the crypto ecosystem, there are different prices depending on the virtual wallet with which you operate. In addition, it is an option to protect savings from inflation or a possible jump in the exchange rate.
Unlike bitcoin, stablecoins are cryptocurrencies with a stable value and are tied to the US currency, that is, they have their equivalents expressed in the dollar.
According to a Synopsis study for Bitso, the level of confidence of Argentines in digital dollars grew in the week before the October elections, in the midst of exchange tension.
Ballot 2023: how much the crypto dollar is trading this Sunday
Crypto dollar sale: $1.150 on average
During the early morning hours of the 2023 runoff election Sunday, the crypto dollar showed a slight drop compared to Saturday’s price.
The price had moved in a range of between 940 and 960 pesos most of the afternoon, but it began to rise between 6:30 p.m. and 7 p.m. and passed this milestone broke the barrier of 990 pesos and continued to increase as more and more unofficial data was disseminated that pointed to a clear electoral victory for the La Libertad Avanza candidate, Javier Milei.
Precisely, after 8:10 p.m., the Minister of Economy and official candidate, Sergio Massa, recognized Milei’s victory. The previous calm responded precisely to the absence of any type of data or information about the electoral result.
At these times, it is at an average of more than 1,100 pesos.
Runoff 2023: how the crypto dollar reacted to one day of the runoff
This Saturday, November 18, the crypto dollar priced at $1027, although there are different values depending on the virtual wallet with which it is operated. The interest in dollarizing through digital assets has been growing strongly as a way of trying to protect against a possible post-election devaluation.
In the days before the runoff, the crypto went from $913.65 from Monday the 16th to $1027 this Saturday.
Ballotaje 2023: how the crypto dollar reacted to the general elections and the PASO
The day before the general elections, the crypto dollar was listed at $1300. After the victory of the Minister of Economy, Sergio Massa, in the first round this exchange rate fell sharply to $937.
The situation was different on PASO Sunday, the crypto market rose more than 15%. At that time, the exchange rate advanced compared to the favorable result for the presidential candidate Javier Milei. On the platforms, the crypto dollar was sold in the early hours of Monday, August 14 at $689.52, while on Friday the 11th in the afternoon it was at $598.60 and reflected a difference of $92.20.
With information from TN
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