The cryptocurrency market gained momentum on Sunday evening after the news broke that Argentina today elected libertarian candidate Javier Milei, who is a staunch Bitcoin supporter as its new president.
What Happened: Milei has secured 56% of the tally, while Sergio Massa, his opponent trails behind with 44%, according to Bloomberg. Following Massa’s concession, Bitcoin has experienced a significant increase of nearly 3% in the past 24 hours, reaching $37,350.
Milei has been openly critical of the country’s central bank, going as far as labeling it a scam and a “mechanism used by politicians to deceive the public through inflationary tax.” He believes that Bitcoin represents a pivotal shift towards returning control of money to its rightful creator, the private sector.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Render
+19.08%
$3.41
Kaspa
+15.37%
$0.13
FTX Token
+14.09%
$3.41
The global crypto market cap currently stands at $1.39 trillion, reflecting a decrease of 1.49% in the past 24 hours.
The U.S. equity futures show a minimal change on Sunday evening as the market anticipates the shortened Thanksgiving holiday week. After three consecutive ...