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El Salvador celebrates Black Friday and buys 100 BTC at 20% off By Cointelegraph



© Reuters.

Salvadoran President Nayib Bukele bought the drop again, investing more than $ 5 million as the price fell below $ 54,000 on Friday.

In a Friday tweet, the President of El Salvador noted he had bought 100 Bitcoin (BTC) following a massive sale in the global market in response to a new variant of COVID-19 discovered in South Africa. Based on data from Cointelegraph Markets Pro, since hitting a historic price of $ 69,000 on November 10, Bitcoin has fallen more than 20% to $ 54,343 at the time of publication, an 8% drop in less than 24 hours.

The price of BTC has fallen by more than 8% following the news of a new variant of COVID-19 in South Africa. Source: TradingView

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