El Salvador Buys 100 More Bitcoins as Crypto Market Falls

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    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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