It’s one for the history books.
- El Salvador enforced its new ‘Bitcoin Law’, which makes the cryptocurrency legal tender in the country
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Dozens of Chivo Bitcoin wallets were halted due to ‘technical difficulties’
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The crypto market bears witness to one of the worst crashes so far in 2021
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Bitcoin falls by a massive 18%, managing to recover half that loss over the next 12 hours
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Meanwhile, El Salvador uses the opportunity to ‘buy the dip’, purchasing another 150 Bitcoin in addition to 400 Bitcoin already in its reserves.
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According to the country’s president, Nayib Bukele, global bigwigs like the International Monetary Fund (IMF) were behind the crypto market crash.