The National Securities Commission of Argentina is in discussions with El Salvador's National Commission of Digital Assets to explore Bitcoin adoption as legal tender.

Bitcoin has surpassed $70,000, and Ethereum is nearing $4,000, both experiencing positive price movements.

Argentina aims to establish a regulatory body for its crypto sector and sees potential collaboration with El Salvador.

Ethereum recently received approval for spot ETFs by the SEC, increasing anticipation for trading on Wall Street.

The cryptocurrency market shows signs of growth and potential for further development despite market liquidations affecting short positions.