The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Wednesday, while the price of the largest crypto currency by market-cap fell near $54,000.
- “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.
- Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear.
- Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitcoin Law.
- On Nov. 20, Bukele said that the country is going to build an entire city based on bitcoin, during a presentation at Bitcoin Week in El Salvador.