President of El Salvador, Nayib Bukele, announced that they have purchased 500 more Bitcoin (BTC).
President of El Salvador made the statement via his Twitter account. Bukele said that they bought 500 Bitcoins from the bottom at an average price of $ 30,744.
El Salvador just bought the dip! 🇸🇻
500 coins at an average USD price of ~$30,744 🥳#Bitcoin
— Nayib Bukele (@nayibbukele) May 9, 2022
El Salvador had made similar purchases before when Bitcoin was falling. On January 22, when the value of the asset fell below $36,000, 410 Bitcoin purchases were made.
Bitcoin Falls
Leading cryptocurrency Bitcoin continues to bleed. The asset, which was traded above the $40,000 level for a short time after the Fed’s announcement, has been falling steadily since then.
Bitcoin is trading at $ 30,681 at the time of writing, according to data from the Binance exchange.
