Bitcoin’s price is falling in major Latin American markets

In the first week of June, The price of Bitcoin and the major cryptocurrencies in the market continues to move down, after testing resistance levels near $ 40,000 and failing to break them.

Latin America is no exception to this movement, and the main reference of the crypto market also weakens its position against the fiat currencies of the main countries in the region in relation to the introduction of BTC.

Argentina

According to the local reference exchange Ripio, Bitcoin’s price is trading at around $ 6,294,324.99 Argentine Pesos (ARS), with a negative variance of 5.36% in the past 24 hours.

Bitcoin’s price is falling in major Latin American markets
Bitcoin’s price is falling in major Latin American markets

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Colombia

Colombia remains caught in a wave of violent protests for more than a month, and despite the pressure it could put on its local currency, Bitcoin’s price has depreciated 3.6% in the past 24 hours and stands at 131,646,515 Colombian Pesos (COP).

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Mexico

In the Aztec nation, the sentiment is the same as the overall market in general after the price of Bitcoin fell 5% due to Elon Musk’s tweets.

At the time of this writing, Bitso is trading the price of Bitcoin at $ 742,600.96 Mexican Pesos (MXN), down -2.73% over the past 24 hours.

Peru

With a growing adoption of Bitcoin, Peru is one of the most important emerging economies for the ecosystem today, with high volumes every week. Unlike the rest of the market in the region, the price has strengthened against the local currency over the past week.

In the Inca nation Buda.com reference the BTC price at around 149,959 Peruvian Soles (PEN), a slight increase of 0.2% over the past 24 hours.

Venezuela

According to Document BitcoinVenezuela is the 3rd nation with the highest acceptance of BTC in the world, according to the organization on its official Twitter account this week.

Faced with a long-running humanitarian and economic crisis, cryptocurrency is used by thousands of Venezuelans as a medium of exchange, a store of value, and even to pay for wire transfers.

At the end of this post, the price of Bitcoin in the oil nation is around 103,290,119,000.00 Bolivares Soberanos (VES), a decrease of 0.76% over the past 24 hours.

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