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#BTC Turmoil in Argentine markets as currency controls are set to be lifted! Traders are reacting, with significant movements in the stablecoin market.
After Economy Minister Luis Caputo's announcement, local exchange Lemon saw trading volumes surge nearly 100%, with users favoring stablecoin purchases. However, Bitso reported more sell orders, causing prices to drop by 5%.
CEO Julian Colombo noted the high volatility and unusual trading activity. Will Argentines shift to real dollars, or will stablecoins maintain their strength?
What are your thoughts on this market reaction? Let us know!