Cryptocurrencies: What Is Their Value In The Market Today.

 Bitcoin, one of the main virtual currencies, had a change of 1.87%% in the last day

thecryptocurrenciesare an innovative digital asset that have experienced a monumental growth in recent times due to several contributing factors, among them that some governments have decided to give you achance as legal tender; however, they have also suffered defeats that have questioned sti feasibility, as the most recent episode known as the "crypto winter".

Despite this background, more and more people have begun to purchase digital coins to invest in something "safe" and "reliable" in both the short and the long term, despite the extreme levels of instability that suffers constantly.

For this reason, we bring you thequote of the most prominent cryptocurrenciesat this time.

thebitcoinis traded this day in 19,567 who can access.01 us dollars, which implies a change of 1.87% in the last few hours.

The second most popular cryptocurrency in the market,ethereumyou have shown to movement 3.74% in the last 24 hours, so that sti value is located in 1,363, $45.

AboutTether US, quoted in 1 dollar, so that in the last day had a movement of -0%.

For its part,BNBhas a value of 276.01 dollars, with a change of 2.04%, whilelitecoindoes with 53.95 dollars following a variation 3.39%.

Finally, thedoecoin, the virtual currency that has driven himself to Elon Musk, has a value of 0.06 dollars after you submit a change of 1.09% in the last 24 hours.

Crypto winter, the latest blow to the cryptocurrencies

In the first weeks of May 2022, the digital coins uncovered the fact that, as hard as they try, they can't escape the appetite speculator after the so-called “cryptoinvierno” or “cryptocrash” to sink the minimum values to various digital currencies such asbitcoin, ethereum and MOON of Terra,a situation that left without savings to many investors.

They are named“crypto winter”when prices fall suddenly and is not seen or predicted no improvement in the next semester.

This last episode was driven by several elements: the inflation in the world and the proposal to prohibit the use and extraction of these in Russia, currently in conflict with Ukraine.

This disturbing term also refers not only to the strong fall of the virtual currency, but also to the decrease in the volume of operations and months of stagnation in the market,a phenomenon that is not new, just because in 2018, we went through a similar event.

However, the taste in the mouth that has given the most recent crisis differs from what we lived for four years, since this cryptocrashyou have affected all cryptocurrencies in a domino effectand not just a few, so that the fear of the negative effects may persist for a longer time are dormant.

The last crisis led to bitcoin surprisingly falling 77% of its value , until reaching the barrier of 28,000 dollars; while others like Ethereum lost 30.88% of its value in that month. The domino effect also affected Terra''s stablecoin, the MOON, which fell more than 100% from $118 to $0.09, a blow from which it still cannot recover.

Despite the current scenario, there are still those who keep the hope that virtual currencies recover, while others, with that same faith, have invested in them taking advantage of the recent misfortune that has also left without savings to others.

What is your status in Latin America

Cryptocurrencies in Argentina: despite the fact that digital currencies are not legalized in Argentina, their use has been increasing after decades of financial instability that citizens have had to face, becoming one of the Latin American countries with the greatest presence of cryptocurrencies . Along this line, President Alberto Fernandez has suggested its use to combat inflation.

In addition to the most popular bitcoin and other cryptocurrencies is the MOON, to token that is traded on the system, Terra, and that can be bought from the platform Store Crypto.This cryptocurrency has managed to have a historical maximum of up to 119.18 usd.

Cryptocurrencies in Mexico: Bank of Mexico (Banxico) has determined that none of the institutions involved in the national financial system will be able to make use or you will have to allow operations of any kind through this medium of payment.However, the country occupies the 14th position of 27 nations that have virtual coins, beating Venezuela and Colombia, with around 13 million users in 2021, according to a study byFinder.

In Mexico, businessman Ricardo Salinas Pliego, one of the wealthiest in the country, have shown interest in cryptocurrencies, and you have ensured that several of his businesses accept bitcoin in the future, including your bank, currently one of their stores and more popular because it does.

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

Cryptocurrencies in Colombia: in the south american nation, there are more than 500 sites where it is permissible to pay with cryptocurrencies.In December of 2021 it became the third country in the world with the highest growth of owners of bitcoins, only surpassed by Russia and Norway, according to Finder.

Cryptocurrencies in Central America:in the government ofThe Savior, has given his vote of confidence and the 9th of June of 2021, and became the first country to legalize bitcoinas a legal currency.In addition, the president Nayib Bukele announced his intention to create the first Bitcoin City in Conchagua and would be funded through tokenized bonds backing bitcoin.

For the regularization of cryptocurrencies

Toto a scenario in which the global economy faces a number of challengessuch as inflation, the Russo-Ukrainian war, the effect on the supply chains for the pandemic of COVID-19 and other items, governments have begun torethink alternatives previously unimaginable, such as the fact regularize cryptocurrencies.

Recently the president ofParaguay, Mario Abdo Benítez, has vetoed a bill that is intended to recognize the mining of thecryptocurrencies as an industrial activityand, to do this, you set a percentage to set a quota of consumption, among other requirements.

The initiative ―which will continue in discussion in both chambers to decide whether to respect or not the presidential veto― has generated debates raised more of a brow to the considerations and the possible approaches that could be, it should be remembered thatEl Salvador is The only country in the world that has recognized bitcoin as a currency as a legal tender.

The project of Paraguay, which had already been approved previously by the Congress, provides thatthe fee for the mining of digital currencies does not exceed 15% with respect to the industrial tariff in force, it also grants permissionsfor service providers and the miners.

Another of the most outstanding features is that it is proposed tocreate dependencythat specializes purely in the digital currencies and establish sanctions, as well as other types of measures.

However, the presidential decree emphasizes that the mining of crypto assets is characterized by a highconsumption of electrical energyand poor utilization of labor, so thatcan not be categorized as industrial consumption, but as consumption, electro-intensive and may compromise the development of the national industry, as at some point the country would be forced to import electricity.

On the facts, the Central Bank of Paraguay have warned thatnone of the cryptocurrencies that exist today are backed by any monetary authority, and therefore is not supervised, not a guarantee of protection or safety to those who use them and investments are highly risky.