Bitcoin was sitting at $52,000 in the past 24hours after recovering from May crackdown.
However, the declined to a 10% to 15% loss was together on all the entire crypto market, this is after El Salvador legalized bitcoin adoption throughout the country.
It’s a rocky start for the country seeing this unexpected dip.
However, it’s a motivation instead as El Salvador’s President Nayib Bukele tweeted that the country has bought the dip.
He said the country has bought extra 150 BTC to its position, placing the country’s holdings to 550 BTC.
Despite discouragements from International bodies, Salvadorans have already started spend their Bitcoin at businesses and events as of yesterday.
Popular fast-food giant’s McDonald’s El Salvador chapter becomes the first of the national franchises in the world to accept Bitcoin as a payment option. This is done by just scanning a QR code on their mobile to get the receipts of payments.
