He bitcoin It fell as much as 6.5% this Tuesday and reached $63,583, on track to record its biggest daily decline in two weeks, due to a wave of selling in the session that affected cryptocurrencies and other risk assets. like stocks.
The price fell 5.6% in its last trading on Monday, to $63,650, after hitting a two-week low of $62,966, while ether fell 6.7%, to $3,276.
So far this year, the bitcoin is still up 52% as investors have flocked to US exchange-traded funds backed by spot bitcoin.
The price hit an all-time high of nearly $74,000 on Thursday, prompting some profit-taking, along with a slew of data releases on USA which suggest that the Federal Reserve may not cut interest rates this year as much as previously thought.
In the last week, the bitcoin has lost almost 9%, its biggest weekly drop since September, while ether has dropped 13% following an upgrade to the underlying Ethereum network. However, performance has not been so weak across cryptocurrencies as a whole.
Smaller tokens, also known as “altcoins,” have attracted flows of their own. The solana network’s sol token has gained 19% in the last week, while avalanche’s avax coin is up 17%, according to Coingecko.
“In light of the recent all-time high bitcoin and subsequent correction, we anticipate a period of market recalibration as investors seek equilibrium amid unprecedented inflows into spot bitcoin ETFs,” analysts at Bitfinex exchange said in a note reported by Reuters.
How to buy cryptocurrencies from Uruguay?
The most direct way to invest in the crypto market from Uruguay It is through an exchange, among which options such as Binance, Coinbase or Crypto stand out.
In an option like Binance, an international exchange reference, after registering and authenticating, Uruguayan users will be able to buy cryptos directly through bank transfer, operate in the spot market with advanced tools, gain leverage and operate in blocks.
Likewise, in the peer-to-peer (P2P) market, they will be able to negotiate directly with other users of the Uruguay in the purchase and sale of cryptocurrencies, allowing payments through MercadoPago, cash deposit to banks, RedPagos, Prex, Oca Blue, bank transfers, among other options.
Source: Ambito
