The controversy around the cryptocurrency budget promoted by the President of Argentina Flash news details

On February 17, 2025, at 10:00 am, the budget Cryptocurrency was launched, which was promoted by Argentina President Javier Millie, amid great controversy (Source: Santiment, X Post, February 17, 2025). The value of the distinctive symbol initially increased by 15 %, as it peaked 0.15 dollars at 10:15 am EST, before it decreased by 25 % to $ 0.1125 by 11:00 am ESTT (Source: Coinmarkcap, 17, 17 February 2025). This sharp fluctuation was accompanied by 400 % trading volume during the first hour of trading, with a total of 50 million scale icons (Source: Coingecko, February 17, 2025). The controversy arose from political discussions in Argentina regarding legitimacy and the economic impact of the encrypted currency, which led to an increase in market fluctuation (Source: Bloomberg, February 17, 2025). In addition, the Balance Trading pair/BTC has seen an increase in size, where 2 million icons were exchanged for bitcoin at an average rate of 0.0000025 BTC per balance (Source: Binance, February 17, 2025). The scales on the series indicated a sharp increase in new addresses, as more than 10,000 new portfolios were created in the first hour after its launch (Source: Glassnode, February 17, 2025). The Libra/USDT also witnessed an important activity, as the volume of 30 million code was traded at an average rate of $ 0.125 (Source: Huobi, February 17, 2025).

LIBRA’s launch had deep effects on the broader cryptocurrency market. The scale fluctuation led to an increase of 2 % in the total market fluctuations index, and was measured by the CVI fluctuation index (CVI), which reached 75 at 11:30 am US ES (Source: Kaiko, February 17, 2025). This volatility also affected other encrypted currencies, as Bitcoin has seen a 1.5 % increase in trading volume to 15000 BTC by 11:45 am US ES (Source: Cryptoquant, February 17, 2025). The BATC’s Balance Trading Activity showed the Bitcoin price movement, with a 0.7 correlation coefficient observed in the first two hours of trading (Source: Coinmetrics, February 17, 2025). Moreover, the morale analysis of social media platforms showed a 30 % increase in positive signals of back, indicating a potential transformation in the market morale towards the distinctive symbol (Source: Lunarcyngeush, February 17, 2025). This event also caused an interest in encrypted currencies in the other emerging market, with distinctive symbols such as the real Brazilian BRZ, which is witnessing a 5 % increase in trading volume to 10 million prominent backwards by back (Source: Messari, February 17, 2025).

From the perspective of technical analysis, scale prices on February 17, 2025 showed great fluctuations. The Relative Power Index (RSI) back to 80 at 10:30 am EST, indicating a state of peak peak before the price decreased (Source: TradingView, February 17, 2025). The difference in the moving average rapprochement (MACD) showed a declining intersection at 10:45 am EST, confirming the downward trend (Source: Tradingview, February 17, 2025). The trading volume of LIBRA reached the peak of 60 million icons at 10:45 am EST, coinciding with the peak of the price, then decreased to 20 million icons by 11:30 am EST time with price stability (Source: Coingecko, 17 February, 2025). Bollengerer domains widened, with the upper range reached $ 0.16 and the lower domain decreased to $ 0.09, reflecting high fluctuation (Source: TradingView, February 17, 2025). The scales on the series showed a decrease in active headlines to 5000 by 12:00 pm EST, indicating cooling in the initial enthusiasm (Source: Glassnode, February 17, 2025). The size of the Libra/USDT pair fell to 15 million icons by back, with the average stability price at $ 0.115 (Source: Hobby, February 17, 2025).

In the context of developing artificial intelligence, there was no direct impact on the performance of the scale or the broader coding market from recent artificial intelligence. However, the increasing interest in cryptocurrencies such as scales can push the demand for trading platforms and tools driven by artificial intelligence. For example, platforms such as Tradeai have reported a 10 % increase in the user’s participation after the launch of the scale, indicating a possible relationship between prominent encryption events and interest in artificial intelligence trade solutions (Source: Tradeai, February 17, 2025). In addition, the scale fluctuation can lead to the development of more trading strategies driven by artificial intelligence to take advantage of these market movements, which may affect trading volumes in the symbols associated with the Acts such as Serginulatenet (AGIX) and Fetch.AI (Fet). AGIX has seen a 3 % increase in trading volume to a million symbols by 12:00 pm EST, while FET saw a 2 % increase to 800,000 code (Source: Coingecko, February 17, 2025). The relationship between scale fluctuations and the sizes of the distinctive symbol of Amnesty International indicates a growing interest in trading solutions that artificial intelligence in the encryption space.