Bitcoin has returned to the spotlight this week by surpassing the $90k barrier, a level it has not reached since early March. This rally, marking a 5% rise in a single day, has sparked excitement among investors and reignited the conversation about its role as a safe-haven asset in the face of global uncertainty.
Donald Trump’s persistent threat to impose tariffs starting from the early hours of this Tuesday had a notable impact not only on the Mexican peso’s exchange rate but also on U.S. markets. According to the Bank of Mexico, the peso depreciated by 0.68%, equivalent to 13.94 cents against the dollar, closing at 20.7176 units, its lowest level since January 27, 2025, when it ended at 20.7278 pesos per dollar on the wholesale market.
Javier Milei, President of Argentina, is facing the worst crisis of his government after his involvement in the promotion of the $Libra cryptocurrency, which turned out to be a scam. This episode has damaged his credibility both as an economist and as a political leader and has opened the door to impeachment and a criminal complaint against him.
August 5, 2024, marked a significant downturn in global financial markets, known as "Black Monday." The day saw massive declines in stock exchanges worldwide, driven by fears of a looming recession in the United States. The crisis began in Asian markets and rapidly spread to Europe and America.
We've made bold predictions that Bitcoin could surpass the significant $100,000 milestone this year in 2024, and now the question is, are we still on track to reach this huge milestone, even after Bitcoin's recent rally?
Join Carlos "Flo" Flores and Franco Macklis as they dive into the world of crypto and business. Listen to their newest podcast episode right here!
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