El Salvador Buys 100 More Bitcoins as Crypto Market Falls


The authorities of El Salvador purchased 100 extra bitcoin, President Bukele tweeted on Friday, whereas the worth of the most important crypto foreign money by market-cap fell close to $54,000.

  • “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele stated.
  • Bitcoin value fell about 8% on Friday round $54,237, as broader markets tumble on new COVID-19 variant concern.
  • Bitcoin formally turned authorized tender in El Salvador in September, three months after the nation’s legislature handed the Bitcoin Law.
  • On Nov. 20, Bukele stated that the nation goes to construct a complete metropolis primarily based on bitcoin, throughout a presentation at Bitcoin Week in El Salvador.