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El Salvador buys the dip again, adds 410 BTC to its treasury, but experts raise alarm
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It has been somewhat of a rollercoaster ride for Bitcoin in the past week. While Russia’s announcement of a possible crypto trading and mining ban has put pressure on the market, SEC’s rejection of two more physically-backed Bitcoin ETFs wasn’t good news either. And as a result, Bitcoin is trading in a weak range of $35,000 and $36,000 at the time of writing.
However, amid the downward spiral, El Salvador President Nayib Bukele has made another buy-on-dip Bitcoin purchase. He announced that El Salvador has bought another 410 Bitcoins for $15 million, adding to its crypto treasury.
<p lang=«en» dir=«ltr» xml:lang=«en»>Nope, I was wrong, didn’t miss it.El Salvador just bought 410 #bitcoin for only 15 million dollars
Read more on ambcrypto.comAbout this in other media
El Salvador Relaunches Chivo Wallet and Plans to Roll Out 1,500 BTC ATMs Nationwide blockchain.news /2 years ago
El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs cointelegraph.com /2 years ago
El Salvador’s pro-Bitcoin FM fires back at IMF’s ‘insult’ ambcrypto.com /2 years ago
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