“Bitcoin” towards 50 thousand dollars .. after a sharp decline


The cryptocurrency “Bitcoin” rose a little on Sunday, after recording a sharp decline on Saturday, losing 10 thousand dollars in an hour, before resuming its rise, heading towards the 50 thousand dollar level again.
During trading, on Sunday, “Bitcoin” recorded $49,763 from the lowest level recorded at $46,190 during the day.
In terms of other cryptocurrencies, a collective rise was recorded, led by “Ether”, which jumped 7.5% to $ 4,300, after recording $ 3,823 at its lowest levels today. The second currency in terms of value fell 14% Saturday, falling to $3,500.
El Salvador’s President Nayib Bukele said the Central American country had bought an additional 150 bitcoins after the digital currency’s value plummeted, increasing Bukele’s bet on the cryptocurrency despite criticism, but he missed the attractive price of 43,000.
The world’s largest and most popular cryptocurrency is down about 30% from its high of $69,000 on November 10. Bukele said last week that El Salvador had secured an additional 100 coins to take advantage of the lower rate.
Late on Friday, Bukele announced that the government had entered the market again. “El Salvador bought 150 coins at an average dollar price of $48,670,” he wrote on Twitter.
As of November 26, El Salvador had 1,220 Bitcoins.
And in September, El Salvador became the first country in the world to adopt bitcoin as a legal currency, a move that sparked global media attention but also drew criticism from the opposition and foreign financial institutions.
The International Monetary Fund said El Salvador should not use bitcoin as a legal tender, given the risks associated with the cryptocurrency. (agencies)


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