El Salvador Buys 100 More Bitcoins as Crypto Market Falls

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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.