Argentinians Defy Global Trends: Massive Bitcoin Buying Frenzy During Market Crash!
According to a report by crypto-news-flash.com, Argentina recorded a surge in Bitcoin purchases amidst a significant price decline. On Monday, the highest daily volume of Bitcoin purchases in 2024 was registered, as the Bitcoin price plummeted sharply from $58,000 to $49,000 – a drop of over 15% within a single day.
This surge surpassed the previous peak by an impressive 33%. Augusto Adamoli, Chief Operating Officer at Lemon Exchange, explained that steep price declines tend to trigger buying frenzies rather than sales. This unique response is attributed to Argentina's economic instability, where many residents view Bitcoin as a stable store of value.
XRP Whale Moves Millions of Tokens to Exchanges – Calm Before the Storm?
Crypto News Flash reports massive transfers of XRP tokens worth several million dollars to various exchange wallets. Whale Alert detected two significant transactions from the same source wallet: one transfer involved 25,200,000 XRP (worth about 15 million USD) and another transfer included 7,770,000 XRP (about 11 million USD).
These large transfers suggest an intent to liquidate or swap these assets and have already impacted the price; the Ripple token has dropped by approximately 2.68% in recent days and is currently trading at around $0.5985.
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