Bitcoin Reclaims $81,000: Crypto Rally’s Latin America Read
Bitcoin closed at US$81,272 Thursday, up 5.14%, on a Fed rate-pause signal. Brazil and Argentina still favor stablecoins over Bitcoin for everyday use. The post Bitcoin Reclaims $81,000: Crypto Rally’s Latin America Read appeared first on The Rio Times .
Bitcoin reclaimed the $81,000 mark on Thursday, rising 5.14% from the previous close. This resurgence was driven by macroeconomic factors, as Federal Reserve Governor Christopher Waller signaled his willingness to maintain interest rates at the next meeting, which weakened the US dollar and boosted risk assets. Ethereum and XRP also performed well, with gains of 4.87% and 7.52% respectively, while Solana rose 3.58% to $103.98.
The rally was primarily driven by bearish traders being forced to cover their positions, with approximately $415 million in short positions liquidated within minutes of the breakout. For Latin America, the region's focus remains on stablecoins rather than Bitcoin. In Brazil, first-half 2026 buying rose 135% year-on-year to $14.68 billion, almost entirely in dollar-pegged tokens. In Argentina, stablecoins dominate crypto transactions, with over 70% of buys on the Bitso exchange conducted using USDT or USDC.
The rally in Bitcoin and other cryptocurrencies was largely technical, triggered by the break above the $81,000 level. This break prompted a cascade of short liquidations, amplifying the rally. However, the overall impact on Latin America is secondary to the growing dominance of stablecoins for hedging and everyday payments. The CFTC dismissed CME's lawsuit over crypto perpetuals, further highlighting regulatory developments in the crypto space.
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