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LatinNews Daily - 29 November 2021

In brief: El Salvador’s Bukele says country bought 100 bitcoins during price crash

* El Salvador’s President Nayib Bukele has said that his country purchased a further 100 bitcoins (BTC) when the market value of the cryptocurrency dropped on 26 November. Bukele tweeted that “El Salvador just bought the dip. 100 extra coins acquired with a discount”. Bitcoin’s value plummeted by 7.8% on 26 November to 1BTC/US$54,377, following international alarm over the newly identified Omicron variant of the coronavirus (Covid-19). Bukele’s government has come under intense criticism after El Salvador became the world’s first country to adopt Bitcoin as legal tender.

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