The cryptocurrency market gained momentum on Sunday evening after the news broke that Argentina today elected libertarian candidate Javier Milei, who is a staunch Bitcoin supporter as its new president. 

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD+2.31%$37,377Ethereum ETH/USD+2.78%$2,005Dogecoin DOGE/USD+2.33%$0.080

What Happened: Milei has secured 56% of the tally, while Sergio Massa, his opponent trails behind with 44%, according to Bloomberg. Following Massa’s concession, Bitcoin has experienced a significant increase of nearly 3% in the past 24 hours, reaching $37,350.

Milei has been openly critical of the country’s central bank, going as far as labeling it…

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