Bitcoin in free fall: investors prepare for the worst

Bitcoin in free fall: investors prepare for the worst

The value of $20,000 dollars per bitcoin is, according to experts, a psychological barrier. And on Saturday (06.18.2022), said cryptocurrency fell below that mark to $17,800, a level only seen in 2020according to CoinDesk, a price-tracking platform. Wider sales have been seen in the past eight months, with bitcoin losing 60% of its value since … Read more

El Salvador: Bukele asks for patience before the fall of Bitcoin

El Salvador: Bukele asks for patience before the fall of Bitcoin

The Salvadoran President Nayib Bukeleone of the fervent promoters of Bitcoin, called for patience in the face of cryptocurrency crash which for the first time since the end of 2020 falls below $20,000. According to tracking site nayibtracker.com, El Salvador under the administration of President Bukele has purchased a total of $105 million in Bitcoin, … Read more

Nayib Bukele on the fall of Bitcoin: “Stop looking at the graph and enjoy life”

Nayib Bukele on the fall of Bitcoin: “Stop looking at the graph and enjoy life”

Photo: AVISHEK DAS/ZUMAPRESS/PICTURE ALLIANCE / Deutsche Welle The president of El Salvador, Nayib Bukele, pointed out this Saturday night (06.18.2022) in his account of Twitter that “patience” is “the key” when investing in Bitcoina cryptocurrency that has been legal tender in the Central American country since September 2021 and is the best known on the … Read more

What is the real use of bitcoin in El Salvador 9 months after its adoption and how does the current cryptocurrency crisis affect it?

What is the real use of bitcoin in El Salvador 9 months after its adoption and how does the current cryptocurrency crisis affect it?

Cryptocurrencies have continued to fall this week, reducing the value of currencies such as bitcoin by millions. The crash is hitting investors around the world, including the government of The Savior: the Central American country has invested millions of dollars in bitcoins and turned it into legal tender nine months ago, encouraging people to use … Read more

Faced with a resounding fall in Bitcoin, cryptocurrency trading platform Coinbase announces series of mass layoffs

Faced with a resounding fall in Bitcoin, cryptocurrency trading platform Coinbase announces series of mass layoffs

The cryptocurrency trading platform announced the dismissal of 18% of its workforce amid the inflationary scenario in the United States. Photo: Leon Neal/Getty Images San Francisco-based cryptocurrency trading platform Coinbase Inc. announced that it will lay off 1,100 people, equivalent to 18% of its workforceamid the depreciation of Bitcoin and the efforts of the Federal … Read more

Bitcoin crashes to $23,500, its lowest point in 18 months

Bitcoin crashes to ,500, its lowest point in 18 months

Experts say investors don’t want to take risks in such a volatile market due to high inflation. Photo: AlyoshinE / Shutterstock The cryptocurrency market is suffering from a price collapse, and it appears that investors are selling off in droves due to fears of higher inflation.. Investors are also withdrawing from investing in riskier assets, … Read more

Nayib Bukele renews his faith in bitcoin despite adverse outlook for El Salvador

Nayib Bukele renews his faith in bitcoin despite adverse outlook for El Salvador

The Savior.- The President of El SalvadorNayib Bukele, renewed his faith in the bitcoin with the purchase of 500 cryptocurrenciesdespite the warnings of the risk rating agencies of the possibility of non-payment of 800 million in 2023 and the stagnation of the negotiations with the International Monetary Fund (IMF) to obtain funds. In addition, according … Read more

Bitcoin could lead El Salvador to default

Bitcoin could lead El Salvador to default

Creditors believe that Bukele will lead El Salvador to default, due to the fall of Bitcoin. Photo: MARVIN RECINOS/ / AFP / Getty Images The value of Bitcoin in recent weeks has not brought good omens for El Salvador, a country that declared that crypto as legal tender in September 2021. With the abrupt collapse … Read more