Cryptocurrencies: What is the Bitcoin price on June 29?

Cryptocurrencies: What is the Bitcoin price on June 29?
Cryptocurrencies: What is the Bitcoin price on June 29?

Bitcoin, the most popular cryptocurrency on the market, has been promoted by entrepreneurs such as Elon Musk and governments such as El Salvador, where its use is legal. (Illustrative Image Infobae)

Bitcoin, the first cryptocurrency launched on the market, was created by Satoshi Nakamoto (pseudonym) in 2008 after the financial crisis that affected the world; This digital currency promoted a libertarian ideal and sought to challenge traditional monetary and financial institutions.

Known in the world of markets under the acronym BTC, the bitcoin uses cryptography to ensure that your management is decentralizedthat is, it cannot be regulated by any banking institution or body, which in turn makes cryptocurrencies volatile.

Despite the progress and reach that Bitcoin and other large digital assets such as Ethereum have had, organizations such as the World Bank, the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB) are still skeptical about the benefits of this type of cryptocurrency.

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 Honduras Prospera, a Central American special autonomous zone, has also done the same.

The price of the bitcoin cryptocurrency for this day at 09:00 hours (UTC) it is 60744.52 dollars per unit.

This means that the digital asset had a change of -1.26% in the last day as well as a variation of 0.12% 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 digital currency 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 dollarsThis record was achieved amid an unprecedented flow 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 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 attributed this increase to different factors, such as the institutional adoption of cryptocurrencies, the search for investment alternatives due to global economic uncertainty, and the continued innovation in blockchain technology that supports bitcoin and other digital currencies. This combination of factors has created an enabling environment for the continuous growth in the value of Bitcoin.

To acquire and exchange them, they are used specialized portalsIts value fluctuates based on supply, demand and user engagement, so it can change faster than traditional money, but the more people are interested in and want to buy a certain currency, the higher its value will be.

ATM screen to buy cryptocurrencies. (REUTERS/Arnd Wiegmann)

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

To store them, users must have a digital purse or walletwhich is actually a software through which it is possible to store, send and make transactions with cryptocurrencies. In reality, this type of wallet only stores the keys that mark the ownership and right of a person over a certain cryptocurrency, so these codes are the ones that really need to be protected.

 
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