The price of bitcoin shows a bearish behavior in LATAM countries

The bitcoin (BTC) began the third month of the year with several fluctuations in its price and consequently, it has made both holders and traders expect the ups and downs that the cryptocurrency experiences.

As of today’s afternoon, bitcoin is hovering around $40,000, which shows that compared to the last follow-up five days ago, the price is still above the last analysis.

Let’s review how the price behaves in the main markets of the region.

Argentina

Beginning with Argentina in the South American country, the crypto currency has a value greater than 8 million Argentine pesos (ARS) for both purchase and sale.

Regarding its variation within the nation, it has a negative value of -2.54% according to Ripio.com.

Colombia

Compared to the last monitoring of the bitcoin price in the last week of February, the active digital receives the new month with a slight rise, thus trading above 150 million Colombian pesos (COP).

However, in relation to data published by Buda.com, the cryptocurrency in the Colombian territory it has had a negative variation in the last 24 hours of 4.7% while in the last seven days it has been a positive variation of 3.7%.

Chile

Continuing within the framework of the figures of the web portal of Buddha.com, on Chile bitcoin has a value of 33 million Chilean pesos (CLP).

Despite the fact that by last Sunday the cryptocurrency had not experienced any change compared to the previous 24 hours, this time there was a negative variation of almost 6%; on the contrary, the last week the digital currency had a positive change of 6.1%.

Mexico

Mexico It is also in the line of increases with respect to the price of bitcoin. In your region, the cryptocurrency is trading above 840 thousand Mexican pesos (MXN).

And just like its price, the volume of the market has also increased compared to the last study, at the time this article is being written, the volume of the BTC/MXN pair is at 198.50 BTC according to Bitso.com

Peru

Reaching almost the end of the prices of the main LATAM markets, it is Peru that there has been no great difference between the intraday variation of a week ago and now, since the difference is only 0.4% compared to the last monitoring carried out.

Similarly, the price of bitcoin in the country also had an increase since it is above 156 thousand Peruvian soles (PEN).

Venezuela

Hyperinflation in the Caribbean country is a determining factor in the financial economic field, therefore the bitcoin market is one of the sectors that has also been affected by the situation.

In this way, in Venezuela the price of bitcoin has not had a great variation as it has in the rest of the market, however, just as SatoshiTango has registered an increase, positioning the digital asset over 155 billion sovereign bolivars (VES).

Likewise, so far this day bitcoin has experienced a loss of value in the price of -4.00%.

The opinions expressed in this post do not necessarily represent the views or the editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation by the Author nor Cointelegraph. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

Source link

Scroll to Top