Cryptocurrency Market: What is the price of Bitcoin

Bitcoin, the first virtual currency launched on the marketIt was created by Satoshi Nakamoto (pseudonym) in 2008 after the financial crisis that affected the world; This digital currency was based on libertarian ideals and sought to put traditional monetary and financial institutions under surveillance.

It is known in the world of markets under the abbreviation BTC, bitcoin Encryption is used To make sure that your Management is decentralizedThat is, they cannot be regulated by any banking institution or body, which in turn makes cryptocurrencies volatile.

Despite the progress and spread achieved by Bitcoin and other large digital assets such as Ethereum, institutions such as World Bank, International Monetary Fund (IMF), Inter-American Development Bank (IDB) They are still skeptical about the benefits of this type of cryptocurrency.

Despite the skepticism, there are those who have chosen Bitcoin: El Salvador has become the first country to adopt it Cryptocurrency As legal tender on June 9, 2021, Honduras Prospera, a special autonomous region in Central America, did the same.

Bitcoin price for Today at 09:00 (UTC) it is $69,180.29That is, the cryptocurrency has undergone a change 1.13% on the last day.

On the other hand, it recorded a change of 0.33% compared to its value an hour ago. As for him popularityis located at position No. 1.

March 12 this Bitcoin has reached a new all-time highExceeding previous values ​​and reaffirming itself as the most important cryptocurrency on the market, approaching 73 thousand dollars. This record was obtained amid an unprecedented influx of investments in cryptocurrencies, which is a notable development for the digital financial sector.

The increase in the value of Bitcoin occurs in a context where there is a massive influx of capital into cryptocurrencies, which indicates the presence of… Investors' interest and confidence in these assets has increased. The rise in prices not only benefits Bitcoin, but also has an impact Positive impact on the cryptocurrency market Overall, in favor of greater stability and visibility, according to the analysis Bloomberg.

Experts have funded this increase due to various factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and continued innovation in the blockchain technology that supports Bitcoin and other digital currencies. This combination of factors has created a favorable environment for this Continuous growth In the value of Bitcoin.

You can buy and exchange them Through specialized portals. Its value varies according to supply, demand, and user commitment, so it can change faster than traditional money, but the more people care and want to buy a particular currency, the higher its price.

However, whoever invests in this type of digital currency must be completely clear that this form It brings with it high risks to capitalWell, just as it can have a surge, it can also crash unexpectedly and wipe out its users' savings.

To store it, users must have a file Digital wallet or walletIt is, in fact, a program through which cryptocurrencies can be saved, sent and dealt with. In fact, this type of wallet only stores the keys that indicate a person's ownership and right to a particular cryptocurrency, so it is these tokens that actually need to be protected.