The Cryptocurrency market has witnessed major changes in recent days … After registering Meteoric Uptick’s drowned industry again in losses. Several assets such as Bitcoin (BTC) lost big profits over the past 24 hours. After rising to a high of $ 94,727 dipped the asset back to a low level of $ 82 467.24. While some were worried about King Coin’s volatility, some others saw on the current scenario as a good purchase opportunity. El Salvador, a country known for its slope to Cryptocurrency, used this to increase its BTC stash.
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Current market
Several prominent Bitcoin investors have seen King Coin’s Dip as a chance to get the access. El Salvador has repeatedly bought BTC every time the supply drops. Continued tradition, the country bought five BTC during BTC’s latest dip.
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A look at El Salvadors BTC -Stash
According to Bitcoin.Gob, El Salvador has increased its Bitcoin holdings by acquiring another five BTC. With this latest acquisition, the country’s total holding is now at approximately 6,100.18 BTC. The estimated value of El Salvador’s Bitcoin holding, based on current market values, is $ 513 million. The nation’s ongoing commitment that Bitcoin as part of its financial policy is confirmed by this measure.
It looks like El Salvador will continue to buy King Coin every time it dips. The Community believes that BTC could reach a top $ 200,000 in the coming couple of months and the last dip is just a correction.
