After a ‘sweep’ in the main markets during the past tuesday and wednesday in all the exchanges of short liquidations, the price of bitcoin is still struggling to maintain the 20k level at the beginning of the weekend in the main global markets.
Very contrary to the situation registered in the stock market of the big technology companies such as Amazon, Netflix and Meta; Bitcoin holders continue to stand firm keeping speculators away from the crypto market, at least so far at the time of writing.
According to data from Cointelegraph Markets, the price of BTC is trading at USD 20,410 managing to accumulate weekly profits of up to six percent and similar positive behavior so far this month ‘Uptober’ (popular market term used by bulls to refer to the current month).
The positive contagion of the market has been felt in the main countries of the Latin American region. Let’s review how the price of the main crypto asset in the market moves on the eve of this weekend.
Argentina
In the Latin American nation, the price of bitcoin shows a slight recovery of +0.39% in the last 24 hours, to maintain the price of the asset above the band of six million Argentine Pesos (ARS).
Colombia
In the coffee nation, the price of bitcoin has contracted by almost two percentage points in the last few hours.
However, despite this setback, the asset continues to accumulate weekly gains of up to six percentage points to remain trading above 96 million Colombian pesos (COP).
Chili
For its part, in Chile, the price of bitcoin follows a behavior similar to that of its counterpart in Colombia.
With losses of 1.5% in the last 24 hours, the bitcoin price struggles to stay trading above 19 million Chilean Pesos (CLP), thanks in large part to the accumulation of weekly gains.
Mexico
Meanwhile, in the Aztec territory the contraction of the price of bitcoin registers -0-73% in the last 24 hoursto trade slightly above the 400 thousand Mexican Pesos (MXN) band.
But like the rest of the countries in the region, the gains accumulated in the week have managed to keep the price of BTC in winning territory with up to six percentage points in the last seven days in the Latin American nation.
Peru
For Peruvians, the bitcoin price continues to trade above the 80 thousand Peruvian Soles (PEN) band, accumulating gains of up to seven percent in the last seven days.
Venezuela
To end, the price of bitcoin follows the same behavior in Venezuela as in the rest of the region: contraction in the last hours and accumulating weekly gains.
According to Remitano, the price of bitcoin is trading at just under 150 thousand Bolivares (VES), accumulating losses of 1.26% today.
The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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