El Salvador buys the dip, adding 150 more Bitcoin (BTC)

Nayib Bukele, the president of El Salvador, announced that the country has bought the dip, adding 150 Bitcoin (BTC) today.


On December 4, Bukele tweeted to his over 3 million followers that the country bought 150 BTC at a USD average of $48,670. This is worth around $7,300,500 at that time. In addition, he noted that he "missed the f***ing bottom by 7 minutes.



Moreover, this new purchase brings the total number of the country holding to 1,370 BTC worth about 64,536,590 at writing time.


In addition, El Salvador purchase comes during the crypto market crash as Bitcoin and other cryptos saw their values drop sharply a few hours ago.


Bitcoin continues to drop after undergoing a sharp price decline over the last few hours. The slump caused over $400 million worth of digital assets to get liquidated. Also, other cryptos like ETH, ADA, SOL, XRP, Terra, and many others saw their values drop as well, causing hundreds of dollars to plummet.