Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset
After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is currently trading for prices between $46K-$47K per unit and down 8% during the last 24 hours. Bitcoin Price Slides Significantly After Nearing $53K Crypto advocates watched bitcoin tumble in a very short period of time down to $42,900 per BTC on September 7, 2021. The drop was on the same day El Salvador adopted bitcoin (BTC) as legal tender in the country. Hovering between the $46K to $47K handle, BTC’s....
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El Salvador will become the first country that adopts Bitcoin as its legal tender in September. However, several warnings are coming from the economist over the risks such a move poses. According to John Hopkins University findings, paying remittances with Bitcoin will be more costly than the usual traditional method. Also, another survey revealed that […]
Bitcoin Not Bombs Hoodie the Homeless charity drive starts this week. Last year Bitcoin Not Bombs distributed over 300 hoodies to the needful around San Francisco. Though the bitcoin price has fallen in the past year, Bitcoin Not Bombs reminds us that winter, the honey badger of seasons, does not wait for Bitcoin, the honey badger of money. For every Bitcoin Bomber hoodie purchase, one additional hoodie will go towards the campaign. Each hoodie sports the Bitcoin Not Bombs logo - a bomber air-dropping bitcoins. Let the warmth it provides be a reminder of the good you've brought to someone....
China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move?
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president Nayib Bukele, the coins were bought seven minutes before the price of the cryptocurrency bottomed out. El Salvador Buys the Dip: 150 Bitcoins Added to Treasury The price of many cryptocurrencies began plummeting late Friday night, with bitcoin sliding almost 14% from slightly above $52K at 11:42 p.m. EDT to below $45K at 12:28....
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 […]