Argentines Flock to Bitcoin Amid Peso Decline

Argentines have become more active in buying Bitcoin (BTC) due to the fall of the national currency - the peso (ARS). In the week ending March 10, nearly 35,000 customers purchased BTC on the Lemon Cash crypto exchange—double the weekly average in 2023.

- Over the past 12 months, the ARS rate against the US dollar has fallen fourfold: from 0.0049 to 0.0012.

- Large Argentine crypto exchanges such as Ripio and Belo also report an increase in demand for Bitcoin.

“However, there is still interest in stablecoins, with Argentines using black exchanges to buy them to avoid strict currency controls and peso inflation.

- At the same time, the use of digital currencies for certain transactions is gradually gaining momentum in the country.

热点：Bitcoin TO