Bitcoin Falls, El Salvador Government Buys More
Posted on 09/07/2021
Cryptocurrency traders and holders saw every major digital coin suffering double-digit losses that wiped out some US$ 400 billion in market value. Bitcoin (BTC) fell hard, more than 11% after El Salvador became the first country to adopt the cryptocurrency as legal tender. Bitcoin is the largest cryptocurrency in the world. On September 7, 2021, BTC fell from nearly US$ 53,000 to US$ 43,119 at its low, before making a creep up to the US$ 47,000 range.
The El Salvador government bought 150 Bitcoins after the dip and now holds 550 Bitcoin.
El Salvador Buys More
