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El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

Published 12/04/2021, 01:56 AM
Updated 12/04/2021, 03:40 AM
© Reuters.

© Reuters.

The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November.

Salvadoran president Nayib Bukele announced the purchase of 150 BTC as the market price momentarily slipped below $50,000 after losing over 15% in market value.

BTC/USD market price. Source: TradingView

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Latest comments

Bitcoin will Hit ATH Dec 2021 Last..
El Salvador will have to buy the next dip too, it is probably coming next week
This purchase worths barely $7 million. Not worth reading the article but only the headline.
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