The bitcoin price does not stop giving us surprises and especially in the region of our Latin America, experiencing both bearish and bullish cycles, a strengthening against the main currencies fiat of the main economies of the region.
Following its crossing of $ 40,000 this week, the price of the main benchmark asset in the crypto market, is generating a lot of enthusiasm among the bulls and its performance has continued to be less in the market Latin American. Let’s review how the price of BTC in the region.
Argentina
In the south of the American continent, the price of Bitcoin follows an upward movement with respect to the local currency of Argentina, earning a +3.99% in the last 24 hours at the time of writing this post.
According to Ripio data Exchange, the price of Bitcoin for the purchase is about $ 7,767,164.13 Argentine Pesos.
Colombia
In the coffee country, the take-off of the market leading cryptocurrency has been sensational in the last seven days, with a gain of +6.3% according to the data that comes to us from Buda.com.
In the last 24 hours, little more than $ 156 million pesos are needed colombians (COP) to acquire a unit of BTC.
Chile
Chileans are also enjoying the honey of the success that Bitcoin has with respect to its local currency, the peso. Chilean (CLP). According to data from Buda.com, in the last seven days the performance of Bitcoin has been on the rise, with a notable +8.1%.
As if that weren’t enough, that accumulated profit has been reflected with the good moment that the cryptocurrency has in international markets after breaking the 40k level, accumulating a +4.8% growth in the last 24 hours.
Mexico
The Aztec nation has not been the exception and with high growth in adoption of Bitcoin, on Mexico The reports from Bitso Exchange show an intraday growth of the +6.5%, generating a profit of 52,000 MXN compared to yesterday’s closing price.
The graph of the BTC / MXN pair is more than eloquent: Bitcoin has managed to surpass its levels registered at the beginning of the week, after breaking the resistance of 840,000 MXN. As a result, at the time of writing the price of BTC in local currency already exceeds 850,000 MXN.
Peru
With the entry of socialism in the Inca nation, the local currency of the Peru (PEN) has not been entirely favored with this ideological current political change. If we add to that the strengthening of the price of Bitcoin in international markets, It is logical to observe the great growth of assets against the Peruvian Sun in the last seven days, a +9.7%.
With fears of a story similar to the one that occurred in Venezuela Due to the delicate political situation that the newly elected president Castillo is going through, the Peruvian Sol has weakened compared to Bitcoin in the last 24 hours a +6.8%.
This change is consistent with the poor performance that the PEN had today against its USD pair, which lost almost one percentage point at the close.
Venezuela
To close with a flourish, the sentenced sovereign bolivar could not fail to be news in this incipient market of the cryptocurrencies. After knowing the new devaluation by the socialist regime in the nation South American (which adds up to 14 figures since 2008), the local currency continues to be the worst option for residents of the country as a haven of value.
By contrast, The price of Bitcoin continues to strengthen against the bolivar (VES), to trade at the difficult figure of about 206,838,090,000.00 VES per BTC, according to data reflected by AirTm.
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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