El Salvador, a country known for its pro-Bitcoin stance, has recently bought the dip — acquiring 420 Bitcoin (BTC) for roughly $24 million at time of purchase.
With the latest BTC purchase, the country has currently has a total of 1,120 BTC — equivalent to over $68 million as of writing — in its custody. BTC has also been hoisted back up, having increased by 4.03% in the past 24 hours.
Currently, BTC is priced at $61,131.63 and has a 24-hour trading volume of over $40 million. With a market cap of a whopping $1.1 trillion, this cryptocurrency proves that it still deserves its title as the world’s best performing cryptocurrency. There are now 18,856,850 BTC in circulation.
By adopting crypto assets, the country is able to help its citizens that were unable to open bank accounts. All thanks to the power of crypto, the unbanked community can now seamlessly transfer funds overseas. The deployment of Bitcoin ATMs makes it a lot more easier for Bitcoin holders to withdraw their digital asset and deal in crypto transactions at the tip of their fingertips.
