El Salvador buys the dip; Adds 500 BTC to its coffers

El Salvador, the only country that accepts Bitcoin (BTC) as legal tender, has added 500 BTC to its balance sheet. Nayib Bukele, the country’s president, announced this bullish news through a tweet yesterday. According to Bukele, El Salvador bought the dip after the flagship cryptocurrency plunged to the $30,000 level. Bukele’s tweet read, El Salvador just bought the dip! 🇸🇻 500 coins at an average USD price of ~$30,744 🥳 While El Salvador bought BTC at an aggregate price of…

Bitcoin Breaks $51,000 As Whales Buy The Dip

Days after Saturday's Bitcoin crash, the crypto market showed signs of recovery. Bitcoin shot past $51,000 per coin, up 7.8% in the last 24 hours. The largest crypto added some $72 billion to its market cap, which reached $969 billion. Bitcoin's rebound boosted other significant cryptos, usually trail the crypto market leader. Ethereum reached $4,390, a 10% increase over the day. Binance Coin traded at $588, up 6.42% in the same period. Solana jumped 12.37% to $201.66, while Cardano spiked…