Analysis of the Bitcoin price in Latin America

In the last few weeks and even months before the end of 2021, the price of the cryptocurrency Bitcoin (BTC) has been the subject of conversation and tension among netizens in the crypto world. Hence, it has maintained a constant volatility, alerting its buyers and sellers to the best time to conduct the negotiations.

Although it had shown signs of a good recovery two weeks ago, positioning itself above USD 40,000; The digital asset is trading above $36,000 at the time of writing. This results in a loss in value of around USD 4,000 based on the price of the last 14 days.

Analysis of the Bitcoin price in Latin America
Analysis of the Bitcoin price in Latin America

Now let’s take a look at the main Latin American markets and their prices in relation to Bitcoin. Which are similarly in a drawdown situation.

Argentina

Beginning in the south of South America is Argentina, a country where bitcoin is valued at over 8 million Argentine Pesos (ARS) in both sale and purchase and also shows a negative behavior with its variation of -1.81%.TO

Colombia

Within the Northern Hemisphere is Colombia, which according to Buddha.com, Bitcoin is trading at 150 million Colombian Pesos (COP), that compared to the price of two weeks ago; as a result, 22 million Colombian pesos fell.

However, the bitcoin on Colombian territory showed signs of improvement with an increase of +0.5% in the last 24 hours, but with a minus in the last week, which is in relation to what was previously mentioned in the opening lines, 5.3%.

chili

Based on data published by the platform Buddha.com, In Chile, bitcoin is valued at 29,350,030 Chilean pesos (CLP), down 6.2% over the past week and no improvement in the last 24 hours.

Mexico

On the territory of the Aztecs, the bitcoin digital balance is worth 757,281.52 Mexican pesos (MXN), according to the Bitso web portal. Likewise, it has a volume of 139.54 BTC in the last 24 hours.

Venezuela

Finally, there is the Caribbean country where Bitcoin is trading at a price of 258,085.30 bolívares (VES) for sale, while it is trading at 159,815.28 bolívares (VES) to buy. Today, as in the last course analysis, there is a clear difference between the ask and ask price of 98,270.02 bolívares (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. All investments involve risk and you should do your research before investing. This post cannot be construed as financial advice.

Similar Posts