The Bitcoin price has experienced a week full of variations, mainly due to the actions carried out by the United States Securities and Exchange Commission (SEC) against major global cryptocurrency exchanges such as Binance and Coinbase.
These regulatory actions have caused high volatility in the BTC price, fluctuating between the ranges of $25,000 and $27,000.depending on news related to SEC executive Gary Gensler.
Latin America has not escaped this volatility, and the major markets in the region have also seen fluctuations in the price of Bitcoin relative to its fiat currencies.. Next, we will analyze the current performance of the main asset in the crypto ecosystem in the Latin American region.
According to data from Ripio Exchange, the price of 1 BTC in Argentina ranges between 13.2 million Argentine Pesos (ARS) for purchase and 12.3 million Argentine Pesos for sale, at the time of writing this article.
These figures represent an increase of almost half a percentage point.
In Colombia, the price of Bitcoin has felt the impact of the actions of the SEC. According to data from Buda.com, the price of the asset has decreased by 1.5% in the last 24 hours, with a negative variation of more than 6% in the last seven days.
In Chile, the price of Bitcoin is above 21 million Chilean Pesos (CLP), experiencing a decrease of almost three percentage points in the last 24 hours, according to data provided by Buda.com.
In Peru, the situation does not differ from the rest of the neighboring countries. The price of Bitcoin has experienced a downward trend in the last 24 hours, although it registers a smaller decrease compared to other countries in the region in the last seven days, with -1.9%.
On the other hand, in Mexico, the Mexican peso (MXN) has gained ground against the price of Bitcoin, which has experienced a reduction of up to three percentage points in the last 24 hours, according to data reflected by Bitso.
To conclude, in Venezuela, the price of Bitcoin continues to remain close to 700,000 bolivars (VES), according to data recorded by the Remitano platform.
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