El Salvador Buys 100 More Bitcoins as Crypto Market Falls

Views: 376 Author: Site Editor Publish Time: Origin: Site

The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.

 

· “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.

· Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear.

· Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitcoin Law.

· On Nov.20,Bukele said that the country is going to build an entire city based on bitcoin , during a presentation at Bitcoin Week in El Salvador.

 

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