A new report by Rankings Latam reveals that Argentina has become the top country in Latin America for cryptocurrency ownership, with 19.8% of its population holding digital assets. This milestone places Argentina ahead of Brazil (18.6%) and El Salvador—a nation that has officially adopted Bitcoin—where ownership remains below 15%. The study highlights that crypto adoption in the region is heavily concentrated, with over 85% of all holders located in six countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Why Argentina Tops the Charts Analysts point to economic instability, high inflation, and currency restrictions as major drivers pushing Argentines toward crypto…
Author: Blockto Team
Consolidation phase sets stage for potential bullish momentum The price of AVM/USD is consolidating after a sharp rebound from the $0.16–$0.19 demand zone, showing signs of strength that could pave the way for a breakout toward its next major resistance. At the time of writing, AVM is trading near $0.242, holding firmly above a recently reclaimed support band. The chart shows two critical defense levels that have repeatedly attracted buying interest. The first, in the $0.16–$0.19 range, acted as a strong accumulation zone, with the price bouncing sharply after testing it in late July and again in early August. The…
Cybercriminal group linked to former BlackCat operation targets healthcare and critical services A rising ransomware group known as Embargo has moved more than $34 million in cryptocurrency from ransom payments since April 2024, according to blockchain intelligence firm TRM Labs. The group has primarily struck hospitals, pharmaceutical networks, and other critical infrastructure across the United States, raising concerns among cybersecurity experts. Operating under a ransomware-as-a-service (RaaS) model, Embargo reportedly demanded up to $1.3 million per victim, with confirmed attacks on American Associated Pharmacies, Memorial Hospital and Manor in Georgia, and Weiser Memorial Hospital in Idaho. “Embargo’s methods suggest an advanced…
Resistance and Support Levels Shape SOL’s Next Move Bulls eye $200 breakout, but sellers stand firm at major supply zone Solana (SOL) is trading at $180.68 after staging a strong rebound from July lows, with traders now watching a key $195–$205 resistance zone that has historically capped upward momentum. The recent rally began in late July when SOL bounced off the $150–$160 green support band, an area that has acted as a reliable demand zone since April. This rebound came after weeks of consolidation following the break from a descending channel pattern, which often signals the end of a corrective…
Strategy chairman unfazed by Ethereum’s growing corporate adoption Bitcoin will remain the dominant digital asset for years to come, according to Michael Saylor, executive chairman of Strategy, despite increasing corporate interest in Ethereum and other cryptocurrencies. In an interview on Friday, Saylor emphasized that while the crypto market is experiencing “an explosion of innovation,” Bitcoin continues to attract the majority of institutional capital. Bitcoin’s market dominance — its share of the total cryptocurrency market — currently stands at 60.18%, based on TradingView data. Strategy remains the largest public Bitcoin holder, with 628,791 BTC valued at roughly $74.15 billion. The next…
$3.65 Level Remains a Pivotal Barrier for XRP’s Next Breakout XRP is testing investor patience as it remains below the critical $3.65 resistance zone, a level where previous rallies have faltered. The latest 4-hour chart shows that while the asset has staged a strong recovery from late-July lows, it now faces heavy selling pressure near recent highs. The chart highlights a descending channel pattern that dominated XRP’s trend from mid-May to late June, eventually giving way to a sharp bullish breakout. However, the rally has since met resistance, with the $3.65 area — marked by a historical supply zone —…
ETH Eyes Potential All-Time High Retest as Market Sentiment Improves Ethereum (ETH) is approaching a critical resistance zone near $4,300, a level that traders view as the final hurdle before a possible retest of its all-time high. The recent rally has been supported by rising trading volumes and stronger investor confidence, with analysts noting that bullish momentum remains firmly in control. On the daily chart, ETH has been trading above its 50-day moving average, indicating sustained buying pressure. The $4,300 level is acting as a key barrier, with price action showing repeated tests in recent sessions. A successful breakout above…
Ethereum Co-Founder’s Fortune Surges Amid ETF Inflows and Market Momentum Ethereum co-founder Vitalik Buterin has regained his onchain billionaire status after Ether’s price surged past $4,200, marking its highest level in eight months. Blockchain analytics show that Buterin currently holds 240,042 ETH, alongside smaller allocations in assets like Aave Ethereum, Wrapped Ethereum, and WhiteRock, bringing his portfolio value to approximately $1.04 billion. The milestone comes amid growing optimism in the cryptocurrency market, particularly for Ether (ETH), which recently reached $4,332 before slightly retracing. Traders are now watching closely for a possible push toward the November 2021 all-time high of $4,878.…
Despite gold’s lead this year, Bitcoin remains the top-performing asset of the past decade Gold has outshined Bitcoin in 2025, delivering a 29% gain year-to-date compared to Bitcoin’s 25.2% rise as of Aug. 8. While the precious metal holds the short-term crown, historical data reveals a stark contrast in their long-term trajectories. Since 2011, Bitcoin’s cumulative return has exceeded gold’s by over 308,000 times, cementing its position as the most profitable major asset of the modern era. Even when compared to global equities and real estate, Bitcoin’s performance is unmatched. BITX analysts point to Bitcoin’s high volatility yet extraordinary growth…
New regulations permit BTC holdings, securities issuance, and services for accredited investors El Salvador has passed its Investment Banking Law, opening the door for regulated Bitcoin investment banks to operate in the country. The legislation, approved on Thursday, creates a distinct legal framework for investment banks, separating them from commercial banks and granting them broader powers in the digital asset sector. Under the new rules, investment banks will be able to hold Bitcoin (BTC) and other cryptocurrencies on their balance sheets. They can also underwrite companies, issue securities, and provide services to “sophisticated” investors — similar to accredited investors in…
