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