The value of BTC continues to rise in the Latin American market, with Colombia leading the countries with the best variation
The adoption of Bitcoin (BTC) in Latin America continues to rise. Despite the fall it had last week to within the range of USD 33,000, leading the market to a sharp decline, this asset managed to recover.
In the main LATAM markets, data shows that Bitcoin continues to rise. The evidence is the rise that this cryptocurrency has had in the past week. The cryptocurrency, over the weekend, broke immediate resistance at the 40k line again and crossed $44,000, up +5.9%, leaving a 30% gain from the Jan 24th floor. , which shows the recovery of investors’ positions towards these digital assets.
Experts mention that this cryptoactive has shown signs of recovery, after spending five consecutive days above the USD 40,000 barrier, so the gaze of analysts is directed at the price of BTC above USD 46,000 since, for early 2021, the cryptocurrency was trading at that price.
What follows is a summary of the price of Bitcoin in the main markets of LATAM.
Argentina
The price of Bitcoin in Argentina rose by one million Argentine Pesos (ARS), compared to the last analysis carried out.
The cryptocurrency is valued above 9 million ARS, both for purchase and for sale, reflecting a negative variation of -0.88%, showing a slightly upward fluctuation of +5.83% in relation to the weekend trading price, according to crypto asset trading platform Ripio.
Colombia
According to the exchange of cryptocurrency operations Buda.com, the price of Bitcoin in Colombia is above 170 million Colombian pesos (COP), rising +14% in relation to the last study reported, and 15% compared to the price that closed seven days ago.
Chile
In the past seven days, The Chilean cryptocurrency market has experienced a variation in the price of BTC. According to the platform Buda.com, in the last 24 hours, the cryptoactive has had a slight rise of +1%, compared to the rise it suffered seven days ago of +21.6%.
The data shows that on this market, the cryptocurrency has a value of 36,418,137 Chilean Pesos (CLP), which represents a 24% increase.
Mexico
Compared to the last analysis carried out on the cryptocurrency in Mexico, it has suffered a decline. According to data presented by the Bitso exchange, the cryptocurrency in the last 24 hours has had a trading volume of 92.20 BTC and is trading at a price of 912,137.70 Mexican Pesos (MXN).
Venezuela
Although this is one of the LATAM markets with the highest adoption of cryptocurrencies, the value of the BTC has shown no variation in relation to the last analysis carried out.
The cryptocurrency current sale value is 258,085.30 Bolívares (VES) and for purchase, 19,438.50 Bolívares (VES), marking a difference gap between the purchase and sale of the digital currency of 238,646.8 Bolivars (VES).
The evidence suggests that LATAM has a potential for investors in cryptocurrencies. Developing countries worldwide seem to be enthusiastically embracing cryptocurrencies, as reported by the last cryptocurrency report from Finder, a financial product comparison website. The trend of consumers in emerging markets where they have turned to cryptocurrencies, can help protect savings that they might otherwise lose because of economic turmoil, or as it is currently happening, due to the effects of the world pandemic caused by COVID-19.
By Audy Castaneda
