Cryptocurrencies on the rise, but falling dollar limits gains for Brazilians
In recent months, the cryptocurrency market has shown strength again, with assets like Bitcoin and Ethereum recording significant appreciation. The upward trend has excited investors around the world, especially after long periods of volatility and price corrections. However, for Brazilians, the scenario has an important limiting factor: the decline of the dollar against the real.
With the exchange rate of the American currency receding, part of the profit obtained on international exchanges ends up being reduced when converted to reais. Many investors buy and sell cryptocurrencies using the dollar as a base, which means that even with a significant appreciation of the digital asset, the real return in reais may be lower than expected.
This movement reinforces the importance of monitoring not only the crypto market but also the exchange rate. An appreciation of the real can be positive for the domestic economy, but it requires extra attention from those operating with international assets. In moments like this, strategy and timing in profit conversion make all the difference in preserving earnings.
