Bitcoin Price Tumbles After El Salvador Makes It National Currency
Bitcoin Price Tumbles After El Salvador Makes It National Currency

Bitcoin gave El Salvador a taste of its famous volatility on Tuesday, as the Central American country became the first nation in the world to adopt the asset as a national currency.

The world’s largest cryptocurrency fell as much as 17% from its 5 p.m. ET value on Monday, briefly hitting $42,921.27, according to CoinDesk. It later recovered slightly to trade at $46,749.90.

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