Troubled economies turn to Bitcoin, sparking rally in local trading pairs

From Argentina to Nigeria, Bitcoin trading pairs surged against troubled fiat currencies.

Andjela Radmilac
Andjela Radmilac
Dec. 22, 2023 at 10:40 pm UTC
3 min read
Updated: Dec. 22, 2023 at 10:31 pm UTC
bitcoin fiat trading pairs

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

CryptoSlate breaks down Bitcoin's movements against the Argentine Peso, Nigerian Naira, and Turkish Lira, showcasing how each currency's tumultuous tale fuels Bitcoin's ascent. But what exactly is driving this disparity between emerging and developed markets? Find out with CryptoSlate Alpha ...

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Bitcoin BTC (24h)
$93,095.56 -2.21%
Vol: $40.22B MCap: $1.86T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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