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El Salvador celebrates Black Friday, buys 100 BTC for 20% off

Published 11/26/2021, 03:43 PM
Updated 11/26/2021, 05:20 PM

Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday.

In a Friday tweet, El Salvador's president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According to data from Cointelegraph Markets Pro, since reaching an all-time price of $69,000 on Nov. 10, Bitcoin has fallen more than 20% to reach $54,343 at the time of publication, an 8% drop in less than 24 hours.

BTC price dropped more than 8% following news of a new COVID-19 variant in South Africa. Source: TradingView

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Latest comments

It's time to invest in altcoins as *****of bitcoin decrease. I suggest to pay attention to utulity tokens as well as AIDT.io - it has promising prospects.
It's always nice to see a president boast of their profits, while the people eat tree bark and garbage pulled out of trash cans. Perhaps he could throw a public party, and the community could celebrate his big win? Sun warmed, stale street tortillas will be served, a limit of two per family.
need
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