Why Bitcoin Hit a New Record Price and How It Impacted the Argentine Market
The trading volume increased, sales grew, and its use as a store of value consolidated. Experts explain what factors drove the rise and how the local public is responding
Jul 11, 2025 12:31 a.m. EST
On the Lemon platform, the
On the Lemon platform, the trading volume with Bitcoin increased by 280% after reaching its new peak value (Shutterstock)
Bitcoin surpassed 116,000 dollars yesterday and set a new historical record, driven by growing institutional demand, expectations of interest rate cuts in the U.S., and a renewed appetite for risk assets. So far this year, it has accumulated a rise of 19% and is trading nearly 50% above its April low.
The impact of a new ATH (all-time high, as it is usually called in the crypto world) was quickly felt in Argentina, where the trading volume with the cryptocurrency soared, revealing profit-taking behaviors but also an increasing confidence in BTC as a store of value.
