In a week full of optimism in both traditional and alternative financial markets cryptocurrencies, prompted by the approval of funds from the Senate of the EE.UU. for the billion-dollar infrastructure plan in the world’s leading economy, the bitcoin price has not stopped growing even in the markets from Latin America.
The optimistic sentiment hovering around what the price of bitcoin in the next few days after crossing its 200-day moving average, a strongly bullish signal; has further strengthened its position vis-à-vis the weakened local fiat currencies of the region of latin america.
Let’s review how the price of the main crypto reference asset performs market in the main economies of the region.
Argentina
On Argentina the price of bitcoin has seen a significant jump in the last 24 hours. According to data from Gravel Exchange, at the time of writing this post More than 8 million Argentine pesos (ARS) are needed to be able to acquire a bitcoin, a daily variation of + 3.61%.
Colombia
Colombia It has also had a gigantic jump in the last week as far as the price of Bitcoin is concerned. With a + 12.3% variation in the last seven days, bitcoin is trading above 170 million Colombian pesos (COP).
Chile
The nation austral is no exception in the excellent performance of the bitcoin price in the region. Reports coming from Buda.com point out that the price of the digital asset has experienced a similar jump in the last week to that reported from Colombia, + 12.5%
With almost five percentage points of increase in their daily price, Chilean residents need about 36 million chienos pesos (CLP).
Mexico
The Aztec nation has also seen a growth in the price of bitcoin relative to its local currency, the peso. Mexican (MXN.
Name Exchange points out that bitcoin is currently trading at about $ 917,500.86 MXN, a growth of + 6.10% in the last seven days.
Peru
For the second week in a row, political turbulence in the Peru it is wreaking havoc on its local currency, the Peruvian Sol (PEN).
Buda.com points out that the price of bitcoin is close to trading above the 200,000 PEN barrier, after growing significantly + 15.7% in the last seven days, being one of the highest growth rates in the region.
Venezuela
In the former Venezuela In Saudi Arabia, the price of bitcoin has surprisingly not rebounded beyond its peers in the region, in terms of percentage growth.
Airtm points out that 1 BTC today is equivalent to just over 211 billion Sovereign Bolívares (VES), a growth of + 2.41% in the last seven days.
The views, thoughts and opinions expressed here are solely those of the Author and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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