On Monday, the stock market in Argentina decreased by more than 5.7 % after President Javier Millie announced an unknown encryption, $ Libra. The encryption was brought in short, in a move described by the country’s technology room as “withdrawing a carpet.”
When the markets were opened in Buenos Aires on Monday, S & P merval It decreased by Amost 6 %. The index, which tracked the largest companies in the country of South America, has since been recovered slightly but still trading by 3 % of what it was when it was closed on Friday.
According to Lendro Santoro, which represents the opposition alliance, the position of the president was an embarrassing scandal on an international scale. He argues that such embarrassment requires them to release Dismissal A proposal against President Millie.
As a result of the low prices in the balance $, more than $ 50 million was filtered in long positions in just two hours of news (COINGLASS, 2025). The Crypto Fear & Greed Index decreased from 50 to the fear level from 35 after this event (Alternative.me, 2025).
The influence in the past extended the scale because the other symbols that depend on the Argentine market, such as $ Pampas, decreased by 4.5 % from $ 0.85 to $ 0.81 between 9:30 am and 10:30 am US ES (CryptocCOCOPARE, 2025). Pampas trading volume $ 300 % increased from 2 million to 8 million symbols showing a typical panic behavior (Coingecko, 2025).
The encryption market in Argentina is shaken by the alleged presidential misconduct
The $ $ 1 budget icon also decreased sharply: from $ 12.45 to $ 9.87 between 9:00 am and 10:00 a.m. EST, decreased by 20.8 % in one hour (Coinmarketcap, 2025).
The impact was not only perceived on the $ 1 scale, but other cryptocurrencies in Argentina also felt heat as BTC decreased $ 3.2 % from $ 45,000 to $ 43,560 and $ ETH decreases by 2.8 % from $ 3200 to $ 3,110 in the same The period (Coingecko, 2025).
$ 5 million trading volume increased from 5 million to 15 million icons in the first hour of news (TradingView, 2025); This is a clear indication of emptying panic among investors.
Political and economic analysts believe that the opposition does not have enough sounds to implement the dismissal threats. However, the charges, including fraud and a direct role in encouraging encryption, should harm the government. Argentina also held mid -time elections this year, this It may affect the result of the following.
First, the president’s work not only affects opposition legislators, but also investors. Most investors moved to social media and angered, claiming that he had defrauded them with their hard -winning money. On the other hand, the supporters of Miley claim that he is a war witch.
During the morning conference, Mexican President Claudia Xinbum responded to questions about the scandal, saying that the public should see the results of the investigations.
It is very dangerous if confirmed, especially with regard to the president’s powers to promote something special. If you, as a head of a country, you suggest something in favor of a special benefit, there is a clear conflict of interests.
President Claudia Shinbom
Millie emites the smell of political intervention from people who give power suffering from Argentina’s harm
In the past few days, Miley has not become shy of criticism. He went out swingingly in the face of criticism, talking about political opportunists. He pointed out that the “dirty mice” of the political class wanted to feed the scandal for their political miles and harm. He pointed out that he gets more condemnation to make them understand that they should not be able to interfere in events.
The President admitted his limited understanding of the encrypted currency initiative, and when more investigation, he chose to stop its promotion.
The scandal occurs where Milli is scheduled to visit the United States this week, in the hope of President Trump’s interview. The leader seeks to pressure Trump to support Argentina in obtaining more resources from the International Monetary Fund as part of a new program that is still being negotiated, including the exemptions from Trump’s tariff.
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