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Bitcoin and Altcoins in decline in a market with a lot of volume

Today, Wednesday 01/20, both bitcoin and altcoins generate downward corrections with a strong selling volume but without being such aggressive impulses given that the buying pressure continues to maintain the prices won in 2021. As for exchange rates, there are no higher movements trading all in the average of $ 160 per buyer dollar.

Bitcoin in the International Market

As can be seen in the table, bitcoin is currently trading at USD34,500, which implies a downward variation of more than 7% compared to its closing price of the previous day quoted at USD37,130.

At the time of writing, the market capitalization amounts to USD985,500M of which bitcoin represents about USD644,600M, which represents just over 65%. Regarding the capitalization of previous wheels, it amounted to USD1,060,300 M which shows a decrease of more than 7%.

On the other hand, the volume traded for bitcoin in the last 24 hours amounts to USD63,050 M, which represents almost 43% of the total volume traded in the cryptocurrency market, which amounts to USD147,000 M in the last 24 hours. It has increased more than 9% compared to previous wheels where about USD134,700 were sold.

Bitcoin in the Local Market

Meanwhile in the local market of Argentina it is listed according to CryptoMarket in the $ 5,600,000 which implies a downward variation of almost 7% compared to the closing price of the previous day quoted at $ 5,993,000.

Dollar Types

Among the different types of dollars listed in the market, we see the bitcoin dollar at $ 162.32 above the blue located at $ 157; and the CCL at $ 148.

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Evolution of other cryptocurrencies of interest

Ether is listed in the international market at USD1,300, which implies a downward variation of more than 8% compared to its closing price of the previous day, quoted at USD1,415. While in the local square, price taken from CryptoMarket, it amounts to $ 208,000 which implies a downward variation of 8% with respect to its closing price of the previous day quoted at $ 226,150.

Considering another altcoin we can see that the Lumens (XLM) is trading at USD0.28, which implies a downward variation of almost 10% compared to its closing price of the previous day quoted at USD0.31. While in the domestic market, price from CryptoMarket, amounts to $ 45.90, which implies a negative variation greater than 8% with respect to its closing price of the previous day quoted at $ 50.

Another relevant crypto in the ecosystem is the EOS cryptocurrency that rises in the international market to USD2.72, which implies a downward variation of more than 6% compared to its closing price of the previous day quoted at USD2.90. While in the domestic market, price from CryptoMarket, amounts to $ 447 which implies a negative variation of almost 3% with respect to its closing price of the previous day located at $ 460.