Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentine lead Latam in stablecoin adoption.
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone.
Bitcoin reaches $100,000 for the first time, marking a historic milestone in the cryptocurrency market.
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