16 days ago • Posted by Djellza Kolloni

Bitcoin suffers losses as a result of El Salvador's Failed Launch

In London, the virtual coin was trading for around $46,300, having fallen as much as 17% the day before recovering some of its losses. The downdraft affected Ether, Dogecoin, and the Bloomberg Galaxy Crypto Index, among other tokens. President Nayib Bukele announced on Twitter that the country now has 550 Bitcoins after purchasing them at a lower price. The selloff on Tuesday is the most dramatic pause in a rally that has raised Bitcoin about 75% since late July. According to cryptocurrency tracker CoinGecko, the overall market value of cryptocurrencies has dropped by nearly $300 billion in the last 24 hours. @Bloomberg