El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

El Salvador is buying 500 bitcoins while the cryptocurrency sell-off continues

El Salvador President Nayib Bukele gesticulated during his speech at the closing ceremony of the Latin Bitcoin Conference (LaBitConf) on Mizata Beach, El Salvador, where he announced “Bitcoin City” on November 20, 2021. Marvin Recinos | AFP | Getty Images El Salvador has just added another $ 15.5 million worth of bitcoin to its balance … Read more

Bitcoin briefly fell below $ 30,000, falling more than 56% from its highest level of all time

Bitcoin fell below $ 30,000 late Monday, breaking a symbolic price threshold. At the lowest price, the world’s most popular cryptocurrency was more than 12% lower that day – and more than 56% lower than the record price in November of about $ 69,000. It later recovered from some of those losses and traded at … Read more

40% of bitcoin investors underwater: Glassnode data

Bitcoin fell nearly 55% from its peak in November, and 40% of owners are now under water for their investments, according to new data from Glassnode. That percentage is even higher when you isolate for short-term owners who got skin in the game in the last six months when the price of bitcoin peaked at … Read more