BTCUSD Today, January 03: Venezuela’s Bolivar Slump Fuels Crypto Use
venezuela currency turmoil is back in focus after a near-480% yearly surge in the dollar price and a wide gap between official and parallel rates. As citizens pivot to crypto-based P2P rails, interest in BTCUSD and stablecoins rises. For Indian investors, this shows how policy and sanctions can drive adoption. We review the latest Venezuela bolivar rate dynamics, crypto dollarization trends, and what they could mean for portfolios in INR terms, including risks, liquidity, and technical signals to watch.
Why Venezuela’s bolívar slump matters for crypto
Reports show the price of the US dollar in Venezuela rose about 479% year on year, while the gap between official and parallel rates swelled, squeezing wages and small firms. This…
