Record Increase in Bitcoin Purchases in Argentina Amid Price Drop, Surpassing Previous Peak by 33%.
Monday Recorded the Highest Daily Volume of Bitcoin Purchases in Argentina for 2024, According to Lemon Exchange.
While global markets show a retreat in Bitcoin purchases amid price drops, Argentina is charting a different course. According to Lemon, a prominent Argentine crypto exchange, the nation witnessed its highest daily Bitcoin purchase volume of 2024 this Monday.
This surge in purchases came as Bitcoin’s price fell sharply from $58,000 to $49,000—a level not seen in six months, marking a more than 15% decrease within a single day.
This record-setting day saw a 33% increase over the previous peak, which occurred a month earlier during another significant price drop. Such trends highlight a unique market response in Argentina compared to global investor behavior, where most tend to wait out market volatility.
Augusto Adamoli, Chief Operating Officer at Lemon, explains that fo
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