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El Salvador celebrates Black Friday, buys 100 BTC for 20% off
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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.
El Salvador just bought the dip.100 extra coins acquired with a discount #Bitcoin
Bukele first announced El Salvador would be making a major BTC purchase on the eve of the country’s Bitcoin Law going into
Read more on cointelegraph.comAbout this in other media
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions cryptonews.com /3 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /3 years ago
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender cnbctv18.com /3 years ago
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