Wednesday, October 30, 2024

Bitcoin price for July 27

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Bitcoin, the most popular cryptocurrency on the market, has been promoted by entrepreneurs like Elon Musk and governments like El Salvador, where its use is legal. (Illustration)

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

he Bitcoin (BTC) It uses encryption to ensure that its operations are not subject to regulation by any banking institution or body, which in turn has put the currency at the center of controversy over its volatility, because by not requiring third parties 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 the prosperous Honduras, a special autonomous region in Central America, has also done the same.

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

Bitcoin price for Today at 09:00 (UTC) it is $68278.13Which means that the cryptocurrency has reported a change. 1.69% in the last 24 hours.

In contrast, it recorded a change of 0.46% compared to its value an hour ago. As for it popularitylocated at position number 1.

March 12th this Bitcoin hits new all-time highSurpassing previous values ​​and reaffirming itself as the most important cryptocurrency in the market, approaching $73kThis record figure was achieved amid an unprecedented influx of investments into cryptocurrencies, a remarkable development for the digital financial sector.

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The increase in the value of Bitcoin is occurring in a context where there is a massive inflow of capital into cryptocurrencies, indicating the presence of Growing investor interest and confidence in these assetsThe rise in price is not only beneficial to Bitcoin, but it also has an impact on Positive impact on the cryptocurrency market Overall, in favor of greater stability and visibility, according to the analysis. Bloomberg.

Experts have attributed this increase to various factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and the ongoing innovation in blockchain technology that underpins 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 portalsIts value varies depending on supply and demand and the commitment of miners, so it can change faster than traditional money, but the more people are interested and willing to buy a particular coin, the higher its price will be.

ATM machine for buying cryptocurrencies. (EFE/EPA/Justin Lin/File)

However, anyone who invests in this type of digital currency should be very clear that this form It brings with it high risks to capital.Well, just as there can be an increase, it can also crash unexpectedly and wipe out the savings of its users.

To store it, users must have a file. Digital wallet or walletwhich is actually a program through which cryptocurrencies can be stored, sent and transacted. 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 must actually be protected.

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