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As Bitcoin Slips to $45K, El Salvador Buys the Dip

Last update 20.09.2021 10:39

El Salvador has bought the dip

As Bitcoin Slips to $45K, El Salvador Buys the Dip

The government of El Salvador took advantage of a recent Bitcoin price drop, with President Nayib Bukele announcing the purchase of another 150 coins that are worth roughly $6.8 million at press time.

Bukele also shared "presidential advice" on Twitter, urging followers to buy the dip.

Earlier today, the flagship cryptocurrency slipped to $45,135 on the Bitstamp exchange.

The recent sell-off coincided with Hong Kong’s Hang Seng index dropping 4% amid Evergrande contagion fears.

Related
Three Arrows Capital Co-Founder Says Bitcoin Dominance Is Irrelevant
El Salvador now holds 700 coins after the most recent buy. The Central American nation initially purchased 400 coins on Sept. 7, the day it adopted Bitcoin as legal tender. Prior to that, the Congress approved the creation of a $150 million Bitcoin fund.  

While giving a major push to crypto adoption, El Salvador’s Bitcoin experiment stirred up a lot of controversy. Disgruntled protestors recently burned a Chivo ATM in San Salvador.

 

Source:u.today

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All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data