Latam crypto markets react to Maduro fallout and mining exit

Polymarket traders recorded significant gains after Nicolás Maduro was captured and removed from power.

US President Donald Trump announced that US forces carried out an overnight raid near Caracas to detain Maduro and his wife.

Prediction contracts on Polymarket tied to Maduro leaving office by January 31, 2026, resolved as “Yes” following confirmation.

The outcome marked one of the most closely watched political prediction markets in the past year.

Traders who entered positions earlier in December saw long-shot bets turn profitable within hours.

Bitcoin mining firm Bitfarms confirmed its exit from Latin America after agreeing to sell its Paraguayan site.

The company signed a deal with Singapore-based Sympatheia Power Fund to sell the 70-megawatt Paso Pe facility.

The transaction valued the site at $30 million, with $9 million payable in early 2026 and the remainder over 10 months.

Bitfarms said the transfer would be completed within 60 days without operational disruption.

Argentina entered 2026 with cryptocurrency adoption levels approaching 20%, according to industry data.

The Argentine Blockchain Foundation ranked the country as Latin America’s top crypto adopter.

Chainalysis data estimated that around 8.6 million Argentines are using or holding cryptocurrencies.

Analysts said crypto use in Argentina continues to expand beyond speculation into everyday applications.

At the time of reporting, Bitcoin price was $93,149.78.