Sunday, October 6, 2024

Cryptocurrency Market: What is Bitcoin Worth?

Must Read
Bitcoin, the most popular cryptocurrency on the market, has been promoted by entrepreneurs such as Elon Musk and governments such as El Salvador, where its use is legal. (picture information)

Bitcoin was the first cryptocurrency to be introduced to the market. Created by Satoshi Nakamoto in 2008, this digital currency promoted libertarian ideals and sought to bring traditional monetary and financial institutions under control after the global financial crisis that occurred that year.

he Bitcoin (BTC) It uses cryptography to ensure that its operations are not regulated by any banking institution or body, which in turn has placed the currency in the middle of controversy over its volatility, because by not requiring intermediaries. He was accused of facilitating illegal activities such as fraud.

Despite the skepticism, there are those who have chosen Bitcoin: El Salvador became the first country to adopt this cryptocurrency as legal tender on June 9, 2021, and prosperous Honduras, a special autonomous region in Central America, did the same.

Physical representation of various cryptocurrencies. (Reuters/Dado Rovik)

Bitcoin cryptocurrency price For today at 09:00 (UTC) it is $57,249.17 per unit.

This means that digital assets have suffered Change -5.93% in the last 24 hours Beside With a variation of -0.86% in the last hour.

Currently, Bitcoin ranks first in the digital market. It is worth noting that the historical maximum reached by this digital currency is $73,750.07 per unit.

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.

See also  Drivers' group is committed to restoring forests

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.

To obtain and exchange them, they are used 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 value.

An ATM to buy cryptocurrencies. (EFE/Cristóbal Herrera)

However, whoever invests in this type of digital asset should be very clear that this model 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.

See also  How do I check the internet speed at home and how do I know how much I really need
Latest News

Fast, Private No-Verification Casinos in New Zealand: Insights from Pettie Iv

The world of online gambling has come a long way since its inception, and New Zealand has been no...

More Articles Like This