Affected by the continued depreciation of the Argentine peso, Argentina’s Bitcoin demand reached its peak in the past two years

It was reported that the demand for Bitcoin (BTC) in Argentina has recently reached its peak in the past 20 months amid the continuous devaluation of the Argentine peso (ARS). According to data from the cryptocurrency trading platform Lemon Cash, nearly 35,000 customers in Argentina purchased Bitcoin during the week ending on March 10th, which is twice the average weekly level in 2023. Lemon is not the only platform experiencing a surge in demand. Other major trading platforms in Argentina such as Ripio and Belo have also reported similar trends.