CandleFocus Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD
2024-09-28
Author: Content Editor
Purchases of cryptocurrency made abroad have surged in Brazil this year, surpassing the numbers registered in 2023. The Central Bank of Brazil reported that these purchases, considered imports, have reached $12.37 billion year-to-date, exceeding the total crypto purchases of 2023. This indicates a growing demand for digital assets in the country. The increase in demand has also led platforms to purchase more crypto to offer their users. However, this has created a deficit of $11.54 billion in 2024, as cryptocurrency imports surpass exports, which is unlikely to be resolved soon due to unfavorable mining conditions in Brazil. The popularity of cryptocurrencies in Brazil is evident, with recent polls showing the country as one of the top 10 nations in terms of cryptocurrency ownership.
Related News
Top DeFi Projects Trending on Social Media Since Last Week Top Picks for 2024: The Best Cheap Crypto to Buy Now for Maximum Growth CSA Extends VRCA Compliance Deadline to December 2024 Top 10 Cryptocurrencies: Weekly Gains and Losses Revealed 5 Best Crypto Traders to Follow in October 2024 Arthur Hayes Continues To Accumulate Meme Coins, Here's Why Machi Big Brother Makes Major 3AC Token Acquisition Amid Market Fluctuations Investor Gains Millions in Crypto Trade Maker Price Heats Up, Soars 12% In A Week — Is $1,850 The Next Stop? Bitcoin ETF Inflows Push Price to $74K—Could FTX Funds Take It to $100K? 3 Bullish Altcoins Predicted to Outperform Bitcoin in October 2024 6 things the US needs to stay competitive in crypto, according to execs Top Crypto Gainers Today: VLX Leads with 61.7% Growth, SUSHI and AZERO Also Climb Bitcoin poised for surge, analysts expect new all-time high FTX creditors only getting '10-25% of their crypto back' — creditor SunPump Launches Telegram Bot for Meme Coin Trading PEPE Price is Surging: What's Next? CIO of a Giant Investment Company Reveals His Prediction for the Level of Bitcoin Price in the Near Future Bitcoin Hits $66K as Crypto Market Shows Strong Growth – $BTC Dominance Hits 56.3% Legendary Analyst il Capo Shares What He Expects in Altcoins Hardcore Bullish Bitcoin Tweet Comes From BTC Bull Samson Mow Bitcoin price must clear this level before a ‘solid run up to $100,000’ BlackRock's spot Ethereum ETF surpasses $1 billion in value for the first time Bitcoin ETFs hit $1b weekly inflows, analysts expect FOMO-driven rally CZ’s First Post-Prison Message: “gm” to Crypto Ripple Price Analysis: The Reason XRP Exploded 5% Today 21 Million MOODENG Sale Leaves Trader with $297 Instead of $6.3 Million Solana Nears $163 Mark: Will History Favor SOL’s Next Move? Cardano (ADA) Price Short Term Warning Flashed by This Indicator Major Investor Buys 6M $MOODENG Tokens, Sparking Crypto Buzz Crypto To Sell In Next Week's Trades As Price Risks Drop Bitcoin (BTC) To Slip As Israel Kills Hezbollah Leader? Here's Bitcoin Price if It Captures Nvidia's Peak Market Cap of $3.2 Trillion Ethereum Game ‘Space Nation Online’ Is First Step for a Star Wars-Like Epic IP Expert explains how he turned $40,000 into $10 million last cycle Dogecoin Price Rallies 16% In One Week Amid Elon Musk Support Shiba Inu Breaks Finder Panel’s Projected Timeline to Hit $0.000045 Ahead of Schedule Is It Possible for Shiba Inu (SHIB) to Drop a Zero From Its Price in 2024? This Solana Price Chart Pattern Forecasts SOL Could Hit $400 Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’ XYO Poised for a Massive Breakout, Analyst Predicts a 1,053% Potential Rally to $0.06949 XRP Price Set to Rally, On-Chain Metrics Signals Buy Opportunity CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term? XRP Price Prediction for September 28 $700 Million Up for Grabs as Notcoin (NOT) Price Edges Closer to Another 30% Hike Ronin Network Growth Soars with 224M RON Stakes This Year Stablecoin Volumes Reach $450 Billion Monthly While Bitcoin Rises Meme Coins Shine: SHIB Climbs 35%, MOODENG Rises to $305M Market Cap Will Bitcoin Price Break $70K Level? Analyst Predicts A New Milestone NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate Bitcoin Eyes $70K, Stacks Gets DeFi Boost, Hamster Coin Flops, and FET Leads AI Charge Vitalik Buterin Teases Next Plot to Enhance Ethereum Dogecoin Founder Reacts to Ethereum (ETH) Price Prediction Telegram Tap-to-Earn Gaming Is Huge. Can It Avoid Play-to-Earn’s Fate? $1.46 Billion SHIB in 24 Hours: Here's What Is Happening Most Bullish on Crypto in Months: Top Analyst on Two Macro Triggers for Rally 7 confusing crypto terms (almost) nobody understands Crypto investor loses $32 million in common mistake - How to avoid it? FTX Creditors Could Receive 10% to 25% of Their Crypto Back Shiba Inu Developer Responds as SHIB Skyrockets to $0.00002 XRP Price Prediction as Former SEC Lawyer Says SEC Will ‘Probably’ Appeal Analysts Think Solana Could ‘Go Nuts’ As SOL Price Retests $160 Resistance Expert Says Shiba Inu Wants to Pump ‘Insanely’ In the Coming Weeks Analyst Predicts Solana to $5,000 After Emerging Parabolic Breakout Bullish Pattern Drives PEPE’s Potential as Asset Sees 45% Price Surge to $0.000017 Expert Explains Why an XRP Price of $1,000 is Not a Fantasy XRP Ledger Ships 2 Major Updates Ahead of RLUSD Launch Crypto-native platforms need on-ramps to grow and leap forward | Opinion Trading expert reveals when XRP price will hit $2 Crypto Trader Says One Low-Cap Altcoin Has ‘Way More Upside,’ Updates Outlook on Bitcoin and dogwifhat Bitcoin Price Prediction: Will BTC Follow the S&P 500’s Bullish Path? Ripple Performs Massive 350,000 RLUSD Stablecoin Mint in 24 Hours Meme Coins Outperforming, Here's Who Leads Way Crypto Trader Made $1.5 Million in Few Hours After Token Surged 7,777% Tron Price Prediction: Will TRX Price Crash to 0? Cardano to $1.9: Trader Predicts 487% Surge Amid Rebound From Crucial Level Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled? Bitcoin’s Q4 Setup: Record ETF Performance And Powerful Tailwinds F3 Brings Lightning-Fast Finality to Filecoin Network in Minutes Solana’s Market Dominance Rises as Price Surges 33% Spot Ethereum ETF Inflows Show Why ETH Whale Selloff Is No Big Concern SHIB, W, SEI were top gainers of the week as Bitcoin shot past $65,000 Coin98 Announces Integration with Zircuit, Unveiling Unlimited Web3 Potential Shiba Inu: Shibarium Total Value Locked Surpasses 7M Countdown to SEC Appeal: What It Means for Ripple and XRP Shiba Inu to Reach $0.00017, Expert Sets Realistic SHIB Price Target 'Bitcoin Bull Run Starts Monday,' Satoshi's Message to NBA Legend Says Smart Money Analyst Says XRP is Setting Out to Reclaim $0.72 Shiba Inu’s (SHIB) Price Shot Up to 3-Month High, Bitcoin (BTC) Touched $66.5K (Weekend Watch) Solana (SOL) to $330? Here's What to Expect This Week XRP to Skyrocket 888% to $31, Analyst Pinpoints Crucial Level Shiba Inu Bulls Take SHIB to Top of Robinhood and Grayscale Gainers List How Much Bitcoin (BTC) Does Tesla and SpaceX Hold? Here is the Latest Current Data Expert Says XRP to Rip Higher as It Attempts Bullish Breakout 6 Times in 2 Months Cryptocurrency Purchases Soar in Brazil: $12.37 Billion Spent YTD Ethereum Whale Makes Bold Move After Months of Inactivity—$34.3M in Profits Upcoming Quarter Looking Solid for Bitcoin and Altcoins, Says Analyst Kevin Svenson – Here’s His Outlook 'Bitcoin Winning,' Michael Saylor Tweets As BTC Leaves Gold and Bonds in Dust Cryptocurrency Prices on September 28: BTC Tops $66K, Altcoins Mirror Bullishness SHIB Smashes BTC, ETH, XRP by Weekly Profits in Grayscale’s Report John Deaton vows to fight federal CBDC, calls it ’a hill to die on’ Analytics Company Claims Market “Entered FOMO Level”, Shares Expectations for Bitcoin October Crypto Rally Is Probably Imminent, Here's Why 4 Altcoins That Could Hit New All-Time Highs in October VeChain Mainnet Activity Skyrockets with 1.4 Million Clauses Executed Analyst: JUP, ICP, AR, DOGS Primed for Massive Breakouts Render Token (RNDR) Price Momentum Slows as AI Coins Gain Market Share Altcoins Go Wild as Bitcoin Breaks $66,000 Altcoin Price Action Explained: STX, WIF, TON, SUI, PEPE Bitcoin and Ethereum ETFs See Major Gains: ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M Binance co-founder CZ free — What’s next and what it means for crypto Here is Shiba Inu Price If It Captures Half of Bitcoin Market Cap San Francisco boasts 100+ crypto-accepting businesses and 400+ ATMs Bitcoin and Ethereum ETFs See Major Gains: ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M Senator Cynthia Lummis Urges CFTC Oversight for Bitcoin Amid Criticism of SEC Crypto Regulations Suze Orman Recommends BTC: 'Everybody Should Absolutely Have Exposure to Bitcoin' Why the Spike in Robberies Targets Well-Known Crypto Figures Ethereum Sees 43% Crash In Active Addresses, What’s Going On? Bitcoin on Exchanges Plummets to Five-Year Low, Signaling Bullish Market Ahead Weekly Highlights: Revolut Unveils CFD Platform, eToro Buys Aussie Investing App, and More FBI seizes $6M from crypto scammers targeting US citizens Bitcoin and BNB see gains up to 3% as CZ makes first tweet post-release Top Polygon DeFi Projects Secure Over $928M in TVL Growth Shiba Inu Rallies 34%, But Will FOMO End The Rally? Bitcoin Defies Historical September Performance With 10% Surge as ‘Coinbase Premium’ Rises Synthetic Dollar Protocol Ethena Surges by More Than 45% This Week Amid Rollout of New Product Offerings TOTHEMOON launches Under The Hood forum for community collaboration BlackRock’s Bitcoin Accumulation Surges, Outpacing ETF Sales Over the Past Three Weeks Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally Changpeng Zhao is walking free. What will he do next? Wells Fargo Customers’ Bank Account and Social Security Numbers Exposed, Used for Fraud in Mysterious Data Breach This Week in Crypto: HMSTR Airdrop Drama, Kamala Harris on Crypto and AI, BingX Hack Exploring the Crypto Frontier: 5 Bitcoin Forks Reshaping Digital Currency Bitcoin Investors Pour $366M into US ETFs as BTC Surges Past $65K ‘Wealthiest US prisoner’: How did Binance founder CZ get there? Grayscale Excludes XRP From Q4 Top Crypto Picks, Here's The List Coinbase research shows that crypto and stock markets are highly correlated Why US vs Storm (Tornado) is a huge case for crypto privacy developers