In the last days, The value of the dollar has decreased significantly in Colombia, at the time of writing this note, the dollar is trading at COP 4,744.95; and this trend has had a direct effect on the price of Bitcoin in the country. Investors and cryptocurrency traders in Colombia have been watching with interest as the value of the dollar has been falling, leading to a drop in the price of bitcoin.
For many investors in Colombia, the relationship between the value of the dollar and the price of Bitcoin is a constant concern. The dollar is one of the main exchange currencies in the country, and its value has a direct impact on the economy in general.. When the dollar falls in value, it can be difficult for foreign investors to maintain the value of their local currency investments.
In the case of Bitcoin, the fall in the value of the dollar has had a direct effect on the price of the cryptocurrency in Colombia. Currently in Colombia, bitcoin is trading at an average of COP 104,583,440 as reported by Coinmonitor, with a decrease of 1.54% in the value of the cryptocurrency.
Despite this drop in the price of bitcoin in Colombia, many experts still see the long-term potential of the cryptocurrency. As more people in Colombia and around the world begin to adopt Bitcoin as a legitimate form of investment and payment, we may see greater stability in the value of the cryptocurrency in the long term.
However, for those who are interested in investing in bitcoin in Colombia, it is important to consider the risks and potential rewards. As with any investment, there is always the potential for financial loss, and it is important to have a clear strategy before investing in cryptocurrency.
For its part, the dollar has had about thirty days with many fluctuations in the New Granada country, in which it has been suffering some drops and other upward runs, but in general terms, this fluctuation has been affecting the value of bitcoin in that country.
Price of the dollar in the last 30 days – Source: www.dolar-colombia.com
The price of Bitcoin in the main exchanges in Colombia
Thus, in the Colombian market you can have the option to buy bitcoin at Buda.com at COP 102,181,804 with a variation depending on the portal of -1.3% in the last 24 hours. In the same way, Ripio offers the purchase of bitcoin at a value of COP 107,355,699.15, with a variation close to -0.21%. On the contrary, CryptoMarket shows an increase of 6.66% in the price in the last 24 hours, placing the value of the coin at COP 102,003,870; and Bitso, for its part, offers the cryptocurrency at COP 102,390,000 with a variation close to -1.02% in the last 24 hours.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here 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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