Bitcoin is falling sharply

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Published December 4, 2021 at 1:20 pm

Finance. Bitcoin fell 20 percent and was down to $ 41,967 in market value on Saturday morning.

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Bitcoin recovered to $ 43,000 fairly quickly but has since been fairly quiet. There is still a long way to go before the record prices of 69,000 dollars from earlier this year.

The crash means that the value of all outstanding bitcoins is back at the level from the beginning of the year, ie around 700 billion dollars.

However, not all Bitcoin enthusiasts reacted negatively to the fall in prices. El Salvador's president Nayib Bukele, who introduced Bitcoin as the official currency of his country, announced on Twitter that he has now let the state buy additional bitcoin for a unit price of 47,627 dollars, a total of about 65 million kronor.

In a new Twitter posts tell Bukele that he “missed the fucking bottom by seven minutes”.

One week ago, El Salvador bought 100 bitcoin after the price fell to $ 54,000, which Nayib Bukele described as a “discount”.

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