After having reached a new historical peak in its price, Bitcoin is entering a pre-weekend correction phase, generating higher supports which could shortly capitalize on another new ATH.
The bitcoin price is about USD 61,817 at the time of writing this post, accumulating double-digit gains in the month of October close to forty percent.
In parallel, the price of Bitcoin has started to contract slightly in the main markets of Latin America, although it continues to accumulate profits in the last seven days. Let’s review how the price of the main benchmark of the cripto market in LATAM.
Argentina
With a price close to twelve million Argentine Pesos (ARS) for the purchase, the price of Bitcoin has had a positive variation close to one percent in the last hours in Argentina; according to data provided by Ripio Exchange.
Due to the devaluation of the local currency that has occurred in the country South American in the last weeks, Bitcoin price is still in green territory compared to our last report seven days ago, with a profit of +6.07% in the last week.
Colombia
Meanwhile in Colombia The price of Bitcoin has lost almost five percentage points in the last 24 hours, to trade at an average of 224 million Colombian Pesos (COP).
Despite this setback, the asset price remains in winning territory in the last seven days, with a percentage of the +4.5%.
Chile
Chile has one of the smallest contractions in the price of Bitcoin in the last 24 hours in the region of latin america, with -1.4% according to data from Buda.com.
Similar to the rest of the region, the price is still reporting gains for holders in the last seven days with a +3.2%, to quote above 50 million Chilean Pesos (CLP).
Mexico
The Aztec nation is one of the few countries where the price of Bitcoin has had a setback both in the last hours and in the last seven days. With an almost negligible loss of three thousand points, the price of Bitcoin is trading at Mexico and 1,238,700 MXN.
However, this setback could be reversed at any time, after reaching a maximum on the day close to 1,290,883.8 MXN.
Peru
On Peru the behavior is similar to the rest of the region in terms of the price of Bitcoin. With a contraction of -1,8% In the last 24 hours and a surplus of almost five percentage points in the last seven days, the asset is trading above the 248 thousand Peruvian Soles (PEN) band.
Venezuela
In the South American nation, the devaluation of the “new”Currency issued by the Mature it continues to rise sharply. According to Remitano, the price of Bitcoin has increased in the last seven days by 36 thousand BolĂvares, a growth of 15 percent in seven days.
At the time of writing this post, the price to acquire a Bitcoin in Venezuela It ranges from approximately 276,000 VES.
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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