Bitcoin Price in Latin America: Small Recovery Encourages Markets

January has been a month of ups and downs for the bitcoin price. With a lateral movement in the band of forty thousand dollars, the asset follows a rather unstable price in recent days that has forced many traders to wait for clearer signals before taking positions.

However, at the time of writing this post, the price of bitcoin in global markets has been showing a small sign of recovery, trading at an average of USD43,211 with a weekly improvement of almost four percent.

In latin america behavior is no different. Let’s see how the price behaves bitcoin in the main markets of Latin America.

Argentina

In Argentina, the strong heat wave does not seem to have discouraged the price of Bitcoin, which continues to strengthen against the Argentine Peso, with a positive variation of two percentage points, according to Ripio data.

With this gain, the price of BTC is once again above nine million Argentine Pesos (ARS).

Colombia

In the meantime, andn Colombia the price of Bitcoin follows the behavior of its neighbors South America, managing to recover +1.6% in the last 24 hours.

With this recovery, now the price of Bitcoin in Colombia is trading above 172 million Colombian Pesos (COP), according to data from Buda.com.

Chile

On the other hand, in the southern nation the price of Bitcoin is trading at levels of 35 million pesos Chileans (COP), after the weekly recovery of +1.4% according to data from Buda.com.

Mexico

Bittso, the reference exchange in Mexico, reports that the price of Bitcoin is about 881,481.33 Mexican Pesos (MXN), just over one percentage point in the last 24 hours.

Venezuela

To finish, in the oil nation Venezuela the price of Bitcoin continues to show atypical behavior to the rest of the nation driven by hyperinflation that the South American country continues to suffer.

According to Remitano, the price of Bitcoin in this country is about 258,085 Bolivares (VES) for sale, while there is a wide difference for the purchase of almost 65 thousand units.

The opinions expressed in this post are the sole responsibility of the Author and they have nothing to do with Cointelegraph’s editorial line. All investing carries risk and you should do your research before investing. This post cannot be taken as financial advice.

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