El Salvador Keeps Buying Bitcoin Despite 6% BTC Drop, Holdings Reach 7,827
JH Kim
Summary
- El Salvador has continued buying Bitcoin (BTC) even as the price of Bitcoin (BTC) fell 6%.
- El Salvador's total Bitcoin holdings stand at 7,827, with a value of about $588.7 million.
- The specific purchase amount and timing of the purchases during the latest price decline were not disclosed.
Forecast Trend Report by Period
El Salvador has continued buying Bitcoin despite a 6% drop in the cryptocurrency's price, Cointelegraph reported on November 6. The country's Bitcoin holdings were listed at 7,827.
El Salvador has kept adding to its Bitcoin position despite the price decline, according to the crypto-focused media outlet.
Its total Bitcoin holdings stand at 7,827, valued at about $588.7 million.
The report did not specify how much Bitcoin the country bought during the latest slump or when those purchases were made.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.