Cryptocurrency Market: What is the price of Bitcoin?

Bitcoin, the first cryptocurrency launched in the marketCreated by Satoshi Nakamoto (a 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 your Management is decentralized.That is, they cannot be regulated by any banking institution or body, which in turn makes cryptocurrencies volatile.

Despite the progress and popularity of Bitcoin and other major 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 skepticism, some have chosen Bitcoin: El Salvador becomes 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 $60915.52That is, the cryptocurrency has recorded a change. -2.95% in the last 24 hours.

In contrast, it recorded a change of -0.12% 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.

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 for 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.

However, anyone who invests in this type of digital currency should be completely 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.