Bitcoin: this is its market value this June 17

Bitcoin: this is its market value this June 17
Bitcoin: this is its market value this June 17

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. (Illustrative Image Infobae)

Bitcoin was the first cryptocurrency to be launched on the market. Created by Satoshi Nakamoto in 2008, this digital currency promoted a libertarian ideal and sought to put traditional monetary and financial institutions in check after the global financial crisis that occurred that year.

He bitcoin (BTC) uses cryptography to guarantee that its operations are not regulated by any banking institution or body, which in turn has put the currency in the middle of a debate about its volatility, since by not requiring intermediaries has been accused of facilitating illegal activities such as fraud.

Despite skepticism, there are those who have opted for bitcoin: El Salvador became the first country to adopt this cryptocurrency as legal currency on June 9, 2021, and Prosperous Honduras, a special autonomous zone in Central America, has also done the same.

Physical representations of various cryptocurrencies on the motherboard of a computer (EFE/Sedat Suna)

The value of the bitcoin cryptocurrency for this day at 09:00 hours (UTC) it is 66086.78 dollars per unit.

This means that the digital currency registered a change of -0.28% in the last 24 hours as well as a variation of -0.27% in the last 60 minutes.

Currently, bitcoin is in the #1 popularity place in the digital market. It is worth mentioning that the historical maximum that this cryptocurrency has reached is 73750.07 dollars per unit.

This March 12 bitcoin has achieved a new all-time highsurpassing previous values ​​and reaffirming itself as the most important cryptocurrency in the market, approaching the 73 thousand dollars. This record was obtained amid an unprecedented flow of investments into cryptocurrencies, a notable 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 a growing investor interest and confidence in these assets. The rise in price benefits not only bitcoin but also has a positive impact on the cryptocurrency market in general, favoring greater stability and visibility, according to an analysis of Bloomberg.

Experts financed this increase due to different factors, such as institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and continued innovation in blockchain technology that underpins bitcoin and other digital currencies. This combination of factors has created an environment conducive to continuous growth in the value of Bitcoin.

To buy and exchange them, you use specialized portals. Its value varies depending on supply, demand and the commitment of the miners, so it can change faster than traditional money, but the more people are interested and want to buy a certain currency, the higher its price will be.

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

However, whoever invests in this type of digital currencies must be very clear that this form brings with it a high risk to capitalWell, just as there can be an increase, it can also unexpectedly crash and wipe out the savings of its users.

To store them, users must have a digital purse or wallet, which is actually a software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that should actually be protected.

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