The President of El Salvador, Nayib Bukele took to Twitter to announce that his nation has bought the dip to the tune of 100 BTC, amid market sell-offs exasperated by a new strain of the COVID-19 virus, which is reportedly vaccine-resistant.




The cryptocurrency market suffered a loss as a result of this new variant, which the World Health Organization named ‘Omicron’. The market capitalization lost 8.78%, from trading 2.62 trillion in the early hours of the day to as low as 2.39 trillion. Flagship cryptocurrency asset Bitcoin suffered a $6,000 loss on the day, after trading a daily high of $59,450, to trade as low as $53,569.76, representing a 9.89% decline.

This new addition brings the total BTC holdings of the Latin American nation to 1,220 BTC, worth approximately $66.4 million using a current market price of $54,400. President Bukele tweeted, “El Salvador just bought the dip. 100 extra coins acquired with a discount.” 

we have earlier reported that 

Bitcoin drops by nearly 10% as COVID-19 fluster crypto market