The rise and fall of Bitcoin: What will it cost on July 1?

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 bring traditional monetary and financial institutions under control after the global financial crisis that occurred that year.

he Bitcoin (BTC) It uses encryption to ensure that its operations are not regulated by any banking institution or body, which in turn has put the currency at the centre of controversy over its volatility, because by not needing 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.

While the debate is getting hotter every day about whether or not it is appropriate to use it, Bitcoin is trading today at 09:00 (UTC) at $63,340.75, a change of 4.04%. Regarding the last 24 hours and Variance -0.01% Referring to its value in the last hour.

In terms of market value, it has maintained its position #1 Among cryptocurrencies.

March 12th this Bitcoin has reached a new all-time highSurpassing previous values ​​and reaffirming itself as the most important cryptocurrency in the market, approaching 73 thousand dollarsThis 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 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 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 user commitment, so it can change faster than traditional money, but the more people are interested and willing to buy a particular currency, the higher its value.

However, anyone who 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.