Bitcoin trades at $64,051, down 1.69% as Argentina eyes crypto for inflation hedge

Bitcoin traded at $64,051 on Tuesday, August 11, 2026, marking a 1.69% drop from its previous day's value of $65,154. The cryptocurrency operates 24/7, allowing for significant price shifts outside traditional market hours.

In Argentina, Bitcoin's appeal is growing, often linked to its potential as a hedge against inflation and the peso's volatility. Its performance as a global financial asset, alongside local macroeconomic factors and the gap between different dollar exchange rates, influences demand for cryptocurrencies.

Launched in 2009 following the global financial crisis, Bitcoin emerged as a response to distrust in traditional banking systems. Created by the pseudonymous Satoshi Nakamoto, it proposed a decentralized digital currency using blockchain technology. Bitcoin's value has surged from cents to a globally recognized asset, with governments, companies, and investors closely watching its movements.

The cryptocurrency reached its peak on October 6, 2025, nearing $126,198. Its limited supply of 21 million bitcoins often draws comparisons to "digital gold" and highlights its role as a store of value. Bitcoin's price generally follows global market sentiment and appetite for risk assets, influenced by interest rates, inflation, and Federal Reserve decisions.

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En Argentina, el interés por el Bitcoin sigue creciendo y suele estar vinculado a la búsqueda de cobertura frente a la inflación y la volatilidad del peso, además de su evolución como activo financiero global.