Bitcoin

<ul><li>El Salvador continues daily Bitcoin purchases despite market downturns, affirming its commitment to cryptocurrency as legal tender.</li><li>Proposed creation of a private investment bank to facilitate Bitcoin and US dollar transactions, enhancing El Salvador’s financial infrastructure.</li><li>At the time of the wallet&#39;s last public confirmation, El Salvador possessed approximately 5,600 BTC, valued at over $400 million.</li></ul>El Salvador <a href="https://bitinfocharts.com/bitcoin/address/32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo-full" rel="noopener noreferrer nofollow">continues</a> to purchase one Bitcoin (BTC) daily amidst a recent market slump driven by heightened sell-off pressures and a grim economic forecast. This steadfast commitment aligns with President Nayib Bukele&#39;s 2022 <a href="https://cryptotale.org/what-is-influencing-el-salvador-to-adapt-bitcoin/" rel="noopener noreferrer nofollow">declaration</a> to sustain daily acquisitions of the digital currency, reinforcing the nation&#39;s pioneering embrace of Bitcoin as legal tender.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeSvsfrYJghBcDscT1-RnKIKIQs93YpZpmGy2mJgVOenN6KHTbnHJwn3h0cfvlW0eqYEmqEOPZdfAWEvZFX1oMzWIvG_Zn1Nkx9rYFR9Vf2kpnc4e1GJ49IsYoM1SGkFq9UGMCMB6ZMQLjNooArIqVafUY?key&#61;U04ih4mY_SbkIlXCg7FM6A" />Since transferring the national Bitcoin reserves to a secure cold wallet in mid-March, the El Salvadoran government&#39;s address—publicly shared by President Bukele for the first time—has shown consistent daily increments. Originally, this move provided a transparent glimpse into the country&#39;s cryptocurrency holdings, previously updated solely through sporadic announcements on social media platforms.<a href="https://cryptotale.org/el-salvador-hodls-daily-bitcoin-buys-continue-despite-market-slump/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

El Salvador HODLs: Daily Bitcoin Buys Continue Despite Market Slump

CryptoTale

Other articles published on Jul 5, 2024

OpenAI faces data breach as hacker steals AI design details

Bitcoin Bloodbath: Key Reason Why BTC Is Getting Annihilated

Bitcoin: Miners’ Surrender – Potential Price Floor or Rebound?

10th Edition of the European Blockchain Convention: Celebrating Industry Achievements

Top Airdrops for Long-Term Gains 2024

BRETT May Try To Overtake BONK and FLOKI; Check Rollblock If You Missed BRETT

Join our free newsletter for daily crypto updates!