Bitcoin, the world's biggest and best-known cryptocurrency, is down about 30% from the year's high of $69,000 on Nov. 10. Bukele said last week that El Salvador had acquired 100 additional coins to take advantage of the currency weakening.Register now for FREE unlimited access to reuters.com"El Salvador just bought the dip! 150 coins at an average USD price of ~$48,670," Bukele wrote on Twitter.
The International Monetary Fund said on Monday that El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency.Reporting by Nelson Renteria; Writing by Drazen Jorgic; Editing by Daniel WallisSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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