The price of bitcoin, ethereum and other cryptocurrencies today


Las cryptocurrencies they are an innovative digital asset that has seen tremendous growth in recent times due to several contributing factors, including some governments deciding to grant them as legal tender; however, they have also experienced setbacks that cast doubt on their viability, such as the latest episode known as the “crypto winter”.

Despite this scenario, more and more people have started buying digital currencies to invest in something “safe” and “trustworthy” both in the short and long term, despite the extreme level of instability it constantly experiences.

For this reason, we present to you the price of the most prominent cryptocurrencies now.

The bitcoins Today it is priced at $17,891.11, representing a change of 3.98% in the last hours.

The second most popular virtual currency on the market, ethereumhas shown a movement of 4.2% in the last 24 hours, bringing its value to $1,328.15.

About Tied to the USquoted at $1, so its movement was -0.01% in the last day.

In turn BNB its value is $269.79 with a change of -2.35%, while litecoin It does the same at $78.37 after a change of 2.82%.

Finally, dogecoinone of the virtual currencies promoted by Elon Musk himself, is at $0.09 after showing a change of 0.54% in the last 24 hours.

Crypto Winter: The Latest Cryptocurrency Crisis

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Characteristics of some cryptocurrencies. (Illustration by Anayeli Tapia)

in 2022 in May, virtual currencies revealed that, try as they might, they cannot escape the speculative appetite.after the so-called “crypto winter” or “cryptocrats”, several digital currencies have sunk, e.g. bitcoin, ethereum and the moon from earth a situation that has caused many investors to collapse.

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cryptocurrency prices in Argentina today, October 17

It is called “Cryptoinvierno” when prices suddenly drop and no improvement can be seen or predicted in the coming semester.

This latest episode was driven by several factors: world inflation and a proposal to ban their use and extraction in Russia, which is currently in conflict with Ukraine.

This alarming term also means not only a sharp drop in digital currencies, but also a decrease in the volume of transactions and several months of market stagnation, a phenomenon that is also not new, as a similar event was experienced just in 2018.

But the taste in the mouth left by the last crisis is different from the one experienced four years ago from this crypto affected all cryptocurrencies in a domino effect and not just a few, so the fear that the negative effects may persist for a longer period of time is latent.

The last crisis led to bitcoin surprisingly dropped 77% of its value, until you reach the $28,000 barrier; while others such as Ethereum lost 30.88% of their value during that month. The domino effect also affected Terra’s stablecoin LUNA, which decreased by more than 100 percent. ranging from $118 to $0.09 and still unable to recover from the shock.

Despite the current scenario, there are still those who hold the hope that cryptocurrencies will recover, while others have invested in them with the same faith, taking advantage of the recent calamity that left others without savings.

Virtual currencies in Latin America

Image of cryptocurrencies. (REUTERS/Dado Ruvic/Illustration/File photo)

Cryptocurrencies in Argentina: Despite the fact that virtual currencies are not legalized in Argentina, its popularity has grown after decades of financial instability that citizens have had to deal with, making it one of the Latin American countries with the most cryptocurrencies. In addition, President Alberto Fernández proposed that it be used to fight inflation.

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In addition to Bitcoin, another popular cryptocurrency is LUNA, a token that is traded on the Terra system and can be purchased from the Tienda Crypto platform. This cryptocurrency managed to reach an all-time high of $119.18.

Cryptocurrencies in Mexico: Banco de México (Banxico) has determined that none of the institutions participating in the national financial system may use or authorize any transactions through this means of payment. However, the country ranks 14th out of 27 countries that operate virtual currencies, ahead of Venezuela and Colombia, and in 2021. it will own about 13 million Finder.

In Mexico, businessman Ricardo Salinas Pliego, one of the country’s richest, has taken an interest in cryptocurrencies and has assured that several of his businesses will accept bitcoins in the future, including his bank; So far, one of the most popular stores is already doing this.

Cryptocurrencies in Peru: The Central Reserve Bank of Peru (BCR) has made it clear that its mission is not to be the first or second central bank to regulate the use of cryptocurrencies, due to their inherent instability. However, a few days ago (BCR) president assured that BCR is working on its digital currency project.

Cryptocurrencies in Colombia: There are more than 500 places in the South American country that accept cryptocurrency payments. According to Finder, in 2021, Colombia became the third country in the world with the largest increase in the number of bitcoin owners, behind only Russia and Norway.

Cryptocurrencies in Central America: in the government Saviorgave him their trust and in 2021 June 9 became the first country to legalize bitcoins as legal tender. In addition, President Nayib Bukele announced his intention to create the first Bitcoin City in Konchagwa and it will be financed by bitcoin-backed tokenized bonds.

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Paraguay, the new cryptocurrency gold mine?

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Images of Bitcoins (REUTERS/Dado Ruvic)

Ante a scenario in which the world economy faces various challenges such as inflation, the Russia-Ukraine war, the impact of the coronavirus pandemic on supply chains and other factors, governments have begun to reconsider previously unimaginable alternatives, for example, the fact of legalizing cryptocurrencies.

Recently, the president ParaguayMario Abdo Benítez, vetoed a bill that sought to recognize mining cryptocurrencies as an industrial activity and before that set a percentage to determine the consumption quota,…

Source: news.google.com

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