Bitcoin Hits Seven-Month Low, El Salvador Scoops Up Another $100M, Is This Th...
Bitcoin has officially erased its 2025 gains, plunging to $90,000 for the first time in seven months and cementing its entry into a full-blown bear market. After hitting an all-time high of over $126,000 just six weeks ago, the world’s largest crypto asset has tumbled more than 28%, erasing over $600 billion in market value. […]
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The Bitcoin price crossed $50,000 on Tuesday morning, almost one month after El Salvador adopted it as legal tender.
The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune. In the last six weeks alone, speculators dumped their Bitcoin holdings, collectively losing $100M. That’s $100M vanishing into the ether just because people got scared. Meanwhile, seasoned investors sat back, bought the dip, and are […]
Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip.
El Salvador Buys More Bitcoin
El Salvador’s Bitcoin Law came into effect Tuesday, Sept. 7, making BTC a national currency alongside the U.S. dollar.
El Salvador has been buying bitcoin ahead of the Bitcoin Law taking effect. President Nayib Bukele announced Monday that his government....
Michael Saylor, the co-founder of MicroStrategy (now rebranded to Strategy) and a Bitcoin advocate, recently convened a meeting with President Nayib Bukele of El Salvador to deliberate on strategies for promoting the adoption of Bitcoin in the Central American country. Related Reading: Crypto Task Force Bill Hits New York Senate—What’s At Stake? The meeting indicates […]
El Salvador has started mounting Bitcoin ATMs that will enable its residents to convert cryptocurrencies to U.S. dollars. The ATMs will also allow for crypto withdrawal in cash, as the government intends to make crypto a legal tender. El Salvador, known officially as the Republic of El Salvador, is a country in Central America. It’s […]