Bitcoin's performance varies significantly across fiat trading pairs on centralized exchanges —r eflecting complex interplays of geopolitical and economic factors. Year-to-date (YTD) data reveals BTCARS experienced a staggering 98.27% surge, driven by Argentina's intense inflation crisis. On the other hand, the three-month data shows a mixed bag, with BTCARS continuing to climb while others post negative returns. The real curiosity lies in the behaviors in these markets: How has the new president of Argentina affected Bitcoin demand, and what economic phenomena could explain these patterns across different currencies? The answer is... Discover the intricate dynamics driving these trends exclusively on Alpha.
Bitcoin fiat pair performance highlights economic and political challenges Bitcoin fiat pair performance highlights economic and political challenges
Bitcoin thrives in inflation-hit economies.
3 min read
Updated: Aug. 2, 2024 at 12:12 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Kaiko
Kaiko is a market data provider in the blockchain-based digital assets space, founded in 2014, that provides institutional investors and market participants with enterprise-grade data infrastructure.