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El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
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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.
El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670 #Bitcoin
While Bukele’s government was able to make the purchase at $48,670 per coin, the bear market temporarily brought down the Bitcoin price to almost $42,000 after falling over 37% from its all-time high.
Bukele also acknowledged missing out on purchasing Bitcoin at its bottom as he tweeted:
With this purchase, El Salvador’s
Read more on cointelegraph.comAbout this in other media
Bitcoin dips below $50K as Evergrande defaults on US dollar debt cointelegraph.com /3 years ago
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El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin ambcrypto.com /3 years ago
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