Crypto Flash Crash asks El Salvador to buy the dip - 150 bitcoins included in the state treasury - markets and prices

When the cryptom market lost billions of dollars, El Salvador bought the dip and used the falling Bitcoin price early Saturday morning. With the recent purchase, El Salvador bought a total of 1,370 bitcoins. According to the Salvadorian President Nayib Bukele, the coins were bought seven minutes before the cryptocurrency course.

el Salvador buys the dip: 150 bitcoins in the state treasury

The price of many cryptocurrencies began to fall late Friday evening, with Bitcoin, almost 14% from just over $ 52,000 at 11:42 p.m. EDT to less than $ 45,000 at 12:28 p.m. based on data from Bitcoin.com Markets. At the time of the letter, the price of btc is around 48.040 US dollar.

The President of El Salvador, Nayib Bukele, used the falling Bitcoin Prize and tweeted at 12:19 p.m. on the latest developments in his country btc buy. "El Salvador just bought the dip! 150 coins at an average USD price of ~ $ 48,670." He followed a few minutes later with another tweet: "Missed the damn low of 7 minutes."

el Salvador has used Bitcoin's price losses several times. On November 26th, bukele that his land was bought btc as the price of the cryptocurrency after reports on a new covid-19 variant, which is now known as omicron, fell.

In September, Bitcoin in El Salvador was declared a legal means of payment in addition to the US dollar. Since then, El Salvador has 1,370. bought btc overall.

Last week the International Monetary Fund (IWF) Bitcoin as a legal means of payment. The governor of the Bank of England, Andrew Bailey, similar to that he is worried that El Salvador is worried Bitcoin makes a national currency. Bukele replied to the head of the British central bank with the words: "I really worry that the Bank of England prints money out of nowhere."

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