• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

El Salvador buys the Bitcoin dip with an additional 80 coins

Jon Hartney by Jon Hartney
July 2, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023


El Salvador has bought an additional 80 Bitcoins during the ongoing dip. The recent purchase has increased El Salvador’s total Bitcoin holdings to 2381 BTC. The country continues accumulating more coins despite the ongoing dips pushing Bitcoin to 2020 lows of below $20,000.

El Salvador buys an additional 80 BTC

The president of El Salvador, Nayib Bukele, announced the country’s recent purchase of 80 BTC. The country bought these coins for more than $1.5 million. The coins will go towards supporting the country’s Bitcoin law.

El Salvador made headlines last year after becoming the first country to adopt Bitcoin as legal tender. The country has been holding strong to ensure that the Bitcoin low is a success despite the recession in the market. The country has also made regular Bitcoin purchases during the recent price dips.

Buy Bitcoin Now

Your capital is at risk.

In a recent tweet, Bukele noted that the recent stash was bought for $19,000 per coin. In the announcement, Bukele did not shy away from praising the primary cryptocurrencies, adding that it was part of the future. He also appreciated the low USD value that this coin was now trading at.

With the recent addition of 80 coins, El Salvador now has 2381 BTC in its holdings. These coins have all been bought at varying prices. The coins purchased during the past few months since the country passed the Bitcoin law have been bought at more than $105 million.

El Salvador is not affected by the Bitcoin dip

However, with the ongoing bear market, the total value of El Salvador’s Bitcoin holdings now sits at around $60 million in unrealized losses. Recently, the finance minister of El Salvador, Alejandro Zelaya, argued that the ongoing market conditions would not affect El Salvador’s financial status.

“When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile. The fiscal risk is extremely minimal,” Zelaya said.

When El Salvador passed its Bitcoin law last year, leading financial bodies such as the World Bank and the International Monetary Fund (IMF) said that these private cryptocurrencies posed a risk to financial stability. However, this has not deterred the country from adding more BTC to support the Bitcoin law. The Central African Republic became the second country to adopt Bitcoin as legal tender.

Read more:

  • How to buy Cryptocurrencies
  • How to buy Bitcoin

Lucky Block – Our Recommended Crypto of 2022

Our Rating

Lucky Block
  • New Crypto Games Platform
  • Featured in Forbes, Nasdaq.com, Yahoo Finance
  • LBLOCK Token Up 1000%+ From Presale
  • Listed on Pancakeswap, LBank
  • Free Tickets to Jackpot Prize Draws for Holders
  • Passive Income Rewards – Play to Earn Utility
  • 10,000 NFTs Minted in 2022 – Now on NFTLaunchpad.com
  • $1 Million NFT Jackpot in May 2022
  • Worldwide Decentralized Competitions

Lucky Block

Visit Site
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Read Entire Article
Tags: CryptocurrencyinsidebitcoinsInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,636.00-2.66%
  • ethereumEthereum(ETH)$1,623.15-3.28%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$319.65-3.59%
  • usd-coinUSD Coin(USDC)$1.000.18%
  • rippleXRP(XRP)$0.390983-2.66%
  • Binance USDBinance USD(BUSD)$1.000.16%
  • cardanoCardano(ADA)$0.382035-4.17%
  • dogecoinDogecoin(DOGE)$0.086949-5.95%
  • matic-networkPolygon(MATIC)$1.25-1.63%
  • OKBOKB(OKB)$43.81-4.05%
  • SolanaSolana(SOL)$22.41-6.23%
  • Lido Staked EtherLido Staked Ether(STETH)$1,619.72-3.42%
  • polkadotPolkadot(DOT)$6.60-4.97%
  • Shiba InuShiba Inu(SHIB)$0.000013-8.09%
  • litecoinLitecoin(LTC)$96.37-4.83%
  • AvalancheAvalanche(AVAX)$19.37-6.54%
  • tronTRON(TRX)$0.065258-1.23%
  • daiDai(DAI)$1.000.06%
  • UniswapUniswap(UNI)$6.60-5.43%
  • cosmosCosmos Hub(ATOM)$14.66-2.61%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,579.00-2.74%
  • chainlinkChainlink(LINK)$6.96-3.23%
  • ToncoinToncoin(TON)$2.26-4.72%
  • leo-tokenLEO Token(LEO)$3.36-0.31%
  • ethereum-classicEthereum Classic(ETC)$21.85-5.43%
  • moneroMonero(XMR)$163.50-2.39%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • bitcoin-cashBitcoin Cash(BCH)$128.41-5.24%
  • stellarStellar(XLM)$0.088978-3.22%
  • AptosAptos(APT)$14.21-12.38%
  • Lido DAOLido DAO(LDO)$2.56-2.11%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.490.42%
  • CronosCronos(CRO)$0.081669-2.51%
  • ApeCoinApeCoin(APE)$5.54-8.08%
  • QuantQuant(QNT)$136.31-4.00%
  • filecoinFilecoin(FIL)$5.18-7.01%
  • algorandAlgorand(ALGO)$0.273831-2.59%
  • HederaHedera(HBAR)$0.071667-3.57%
  • vechainVeChain(VET)$0.024914-6.02%
  • Internet ComputerInternet Computer(ICP)$5.52-5.98%
  • The GraphThe Graph(GRT)$0.171710-14.59%
  • The SandboxThe Sandbox(SAND)$0.79-10.66%
  • FantomFantom(FTM)$0.50-14.15%
  • decentralandDecentraland(MANA)$0.73-8.34%
  • Axie InfinityAxie Infinity(AXS)$11.46-1.99%
  • AaveAave(AAVE)$83.33-5.92%
  • eosEOS(EOS)$1.06-5.25%
  • MultiversXMultiversX(EGLD)$44.42-7.50%
  • FlowFlow(FLOW)$1.07-11.80%
  • theta-tokenTheta Network(THETA)$1.10-7.54%
  • tezosTezos(XTZ)$1.18-5.23%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000173-6.49%
  • FraxFrax(FRAX)$1.000.19%
  • paxos-standardPax Dollar(USDP)$1.000.77%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • Frax ShareFrax Share(FXS)$12.54-0.04%
  • Rocket PoolRocket Pool(RPL)$45.116.90%
  • huobi-tokenHuobi(HT)$5.23-8.06%
  • kucoin-sharesKuCoin(KCS)$8.54-2.66%
  • bitcoin-cash-svBitcoin SV(BSV)$41.94-3.47%
  • havvenSynthetix Network(SNX)$2.58-11.95%
  • ChilizChiliz(CHZ)$0.148752-10.84%
  • Curve DAOCurve DAO(CRV)$1.05-5.17%
  • ImmutableXImmutableX(IMX)$0.97-14.71%
  • PancakeSwapPancakeSwap(CAKE)$4.51-1.14%
  • USDDUSDD(USDD)$0.99-0.13%
  • BitTorrentBitTorrent(BTT)$0.000001-2.56%
  • eCasheCash(XEC)$0.000036-5.50%
  • dashDash(DASH)$61.43-7.39%
  • makerMaker(MKR)$753.20-7.23%
  • BitDAOBitDAO(BIT)$0.58-2.68%
  • iotaIOTA(MIOTA)$0.238393-5.14%
  • Mina ProtocolMina Protocol(MINA)$0.78-9.82%
  • GateGate(GT)$4.37-1.94%
  • KlaytnKlaytn(KLAY)$0.202519-6.76%
  • Trust WalletTrust Wallet(TWT)$1.49-6.99%
  • neoNEO(NEO)$8.84-3.98%
  • OsmosisOsmosis(OSMO)$1.10-0.32%
  • gemini-dollarGemini Dollar(GUSD)$1.000.00%
  • OKCOKC(OKT)$32.781.41%
  • cUSDCcUSDC(CUSDC)$0.022440-1.28%
  • ArweaveArweave(AR)$11.35-12.55%
  • zcashZcash(ZEC)$43.63-6.77%
  • OptimismOptimism(OP)$2.59-16.01%
  • cDAIcDAI(CDAI)$0.021800-1.56%
  • THORChainTHORChain(RUNE)$1.81-7.44%
  • Tokenize XchangeTokenize Xchange(TKX)$6.75-1.25%
  • GMXGMX(GMX)$63.45-10.22%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.000000-3.22%
  • singularitynetSingularityNET(AGIX)$0.426139-32.90%
  • RadixRadix(XRD)$0.050024-0.79%
  • PAX GoldPAX Gold(PAXG)$1,868.180.34%
  • enjincoinEnjin Coin(ENJ)$0.478487-8.23%
  • zilliqaZilliqa(ZIL)$0.029296-5.13%
  • cETHcETH(CETH)$32.94-2.24%
  • RenderRender(RNDR)$1.62-23.21%
  • Tether GoldTether Gold(XAUT)$1,869.15-0.57%
  • Convex FinanceConvex Finance(CVX)$6.19-6.94%