What is the price of bitcoin this May 13 in the midst of the cryptocurrency crisis

(Illustration: Jovani Pérez)
(Illustration: Jovani Pérez)

After several days of losses, some of the cryptocurrencies that fell into crisis this week begin to recover value. Such is the case of bitcoincryptocurrency that reached its worst price in almost a year last May 11.

Currently, bitcoin seems to show signs of recovery, however, it is still far from being sold at the price it was a week ago and even more than its best price in 2022.

Bitcoin is not just any cryptocurrency, It is the first one launched on the market.created by Satoshi Nakamoto after the global financial crisis of 2008, its objective was to promote a libertarian ideal and put traditional financial and monetary institutions in check.

Bitcoin uses cryptography to ensure that its management is decentralized, meaning that it cannot be regulated by any banking institution, which in turn makes cryptocurrencies volatile.

this cryptocurrency It went live on January 3, 2009 with a first batch of 50 digital coins. By 2013, bitcoin was already worth more than a thousand dollars per unit and There are currently more than 19 million bitcoins in circulation.

The current crisis is not the first that bitcoin faces. Months after exceeding one thousand dollars, the MtGox platform, directed by Mark Karpelès, was hacked, where up to 80% of the units in circulation were exchanged, which caused a collapse in its value, it began to recover until the end of 2017.

Despite the progress and scope that Bitcoin and other cryptocurrencies have had, organizations such as the World Bank, the International Monetary Fund (IMF) and the Inter-American Development Bank (IDB) are still skeptical about the “pros” of this type of cryptocurrency .

(Photo: REUTERS/Florence Lo/Illustration)
(Photo: REUTERS/Florence Lo/Illustration)

Being a currency, the value of bitcoin -like that of any other currency- undergoes constant changes, so it is important to stay updated.

The historical maximum value that bitcoin has reached is 68,789.63 dollars per unitwhile this year it has achieved a maximum of more than 48 thousand dollars. However, it is currently very far from those values.

The price of bitcoin is quoted this May 13 at $30,810.78which means a positive change of 9.21% in the last 24 hours, as well as a variation of 0.77% in the last hour.

Bitcoin seems to recover, it is already above 30 thousand dollars per unit, after being at its worst price in almost a year, trading at just over 26 thousand dollars per unit.

In terms of its market popularity, it has held the number one spot among cryptocurrencies.

The keys of bitcoin.  (Illustration: Anayeli Tapia)
The keys of bitcoin. (Illustration: Anayeli Tapia)

Cryptocurrencies are digital currencies that do not physically exist. and, unlike currencies such as the dollar, the euro or the peso, they do not require intermediaries in the transactions.

Consequently, they are regularly frowned upon by the formal market and they are accused of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, allowing the operation of illegal activities, among others.

Even so, they have opened the way little by little to such a degree that companies, millionaires and even governments have encouraged or authorized their use.

These cryptocurrencies work through cryptographic encryption that guarantees the security of the transactions, as well as the control of the creation of your coins. To carry out transactions, cryptocurrencies use a decentralized database, blockchain, or shared ledger.

Currently there are different cryptocurrencies in this unregulated market, however, the pioneer was bitcoincreated in 2008, with it came others such as litecoin, ethereum, bitcoincash, ripple, dogecoin, some of the most popular.

One of the richest men in the world, Elon Musk, He has made comments in favor of cryptocurrencies such as bitcoin and dogecoin, encouraging their use and even accepting them in his electric car company, Tesla, which has caused their value to increase.

In El Salvador, the president Nayib Bukele legalized Bitcoin, being the first country to do so.

While in Mexico, one of the wealthiest businessmen in the country, Ricardo Salinas Pliegohas made public its intentions to accept cryptocurrencies in its businesses – its main store, Elektra, already does so – and is making efforts so that the same thing happens in its bank.

(Photo: REUTERS/Dado Ruvic)
(Photo: REUTERS/Dado Ruvic)

To purchase any of cryptocurrencies that exists in this digital market, you should go to specialized portals.

It is worth mentioning that the cost of each of these digital currencies depends on supply and demand, as well as the commitment of the users themselves, which can cause abrupt changes.

This means that the more people are interested and want to get hold of a certain cryptocurrency, the higher its cost and vice versa.

However, whoever invests in this type of digital assets must be very clear that this form brings with it a high risk to the capital, as well as that there may be an increase, it may also have an unexpected collapse and end the savings of its users.

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