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InvestmentsEl Salvador celebrates Black Friday, buys 100 BTC for 20% off By...

El Salvador celebrates Black Friday, buys 100 BTC for 20% off By Cointelegraph



Salvadoran President Nayib Bukele purchased the dip once more, investing greater than $5 million into as the value dropped beneath $54,000 Friday.

In a Friday tweet, El Salvador’s president stated he had bought 100 Bitcoin (BTC) following a worldwide market sell-off in response to a brand new COVID-19 variant found in South Africa. According to information from Cointelegraph Markets Pro, since reaching an all-time worth of $69,000 on Nov. 10, Bitcoin has fallen greater than 20% to achieve $54,343 on the time of publication, an 8% drop in lower than 24 hours.

BTC worth dropped greater than 8% following information of a brand new COVID-19 variant in South Africa. Source: TradingView