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Relentless El Salvador buys the dip, holding 700BTC currently

El Salvador's President, Nayib Bukele
El Salvador's President, Nayib Bukele

As markets keeps dipping, El Salvador’s president, Nayib Bukole has taken advantage of the dip, buying more 150BTC to make their holdings 700BTC in total.

According to him;

They can never beat you if you buy the dips

El Salvador announced that his country has “bought the dip” to the piece of 150 BTC, making a total BTC holdings of 700 BTC.

This announcement comes after Bitcoin declined to a low of $45,000 in the Asian session which represents a 5% decline.

Bitcoin and altcoins started a bearish week with many altcoins such as EOS, ALGO and LUNA posting double-figure losses for the day. The cryptocurrency market capitalization is down 5.54% to currently stand at $2.02 trillion. The market looks likely to be retesting the $2 trillion support zone.

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