It has been an intense week for him bitcoin price (BTC) in global markets. With headwinds due to the real estate situation in China, the pronouncement of the FED and negative forecasts for the world economy; the asset price has been submerged in accentuated volatility in recent days.
Despite this, the price of Bitcoin has managed to recover and stay above the $ 40,000 level; indicating maturity and a robustness that traders are passionate about, especially the most veteran of the ecosystem cripto.
Some metrics indicate that the price of Bitcoin could be preparing for a next “bull run” that could trigger a new all-time high for the remainder of 2021. Meanwhile, the price of the asset continues to clearly correct against the main ones fiat coins locals in the region of Latin America. Let’s review the current landscape.
Argentina
The reference exchange in Argentina, Ripio Exchange notes that The price of Bitcoin has lost the level of eight million Argentine Pesos (ARS) in the last hours.
According to these data, the price has a negative variation of -5.53%, trading at $ 7,967,088.51 ARS for the purchase and $ 7,912,906.25 ARS for the sale.
Colombia
While, on Colombia the price of Bitcoin continues to decline sharply. With a price of $ 161,986,800 COP, its fall is accentuating the decline close to double digits in the last seven days, -9.6%.
In addition, data from Buda.com indicates that the asset has fallen by -3.1% in the last 24 hours.
Chile
Again Chile It is one of the countries in the region where the fall in the price of Bitcoin (BTC) has become more pronounced, which has already contracted more than ten percentage points in the last seven days.
The reports from Buda.com indicate that the price of BTC in the last hours has fallen -4.1% in the last 24 hours, to trade on average above $ 33 million Chilean Pesos (CLP).
Mexico
In the nation azteca the fall in the price of Bitcoin that occurred on Friday, has already begun to show signs of recovery. In the last hours, the price of the asset has managed to reduce the gap with the levels of 900,000 MXN, according to reports from Name.
At the time of writing this post, the price of Bitcoin is already trading above 860,000 MXN.
Peru
In the Inca nation, the price of Bitcoin has begun to enter positive territory in the last hours. According to data from Buda.com, the price of Bitcoin is $ 187,797 Soles Peruvians (PEN), and has started to narrow the gap compared to the same period a week ago.
Venezuela
For its part, in Venezuela Bitcoin’s price has recovered from the same period seven days ago, when it was trading below 200 billion bolivars.
Now Airtm reports that the exchange rate for 1 BTC is about 215,119,531,000.00 VES; a weekly increase of +8.6%.
This strong rise occurs in the final stretch of the period prior to the entry into force of the new monetary cone and the digital currency promoted by the Venezuelan government.
The opinions expressed in this post are the sole responsibility of the Author and they have nothing to do with Cointelegraph’s editorial line. Every investment carries risk and you should do your proper research before investing. This post cannot be taken as financial advice.
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