Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset

Bitcoin Price Dive-Bombs on the Same Day El Salvador Adopts the Crypto Asset


After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is currently trading for prices between $46K-$47K per unit and down 8% during the last 24 hours.

Bitcoin Price Slides Significantly After Nearing $53K

Crypto advocates watched bitcoin tumble in a very short period of time down to $42,900 per BTC on September 7, 2021. The drop was on the same day El Salvador adopted bitcoin (BTC) as legal tender in the country.

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Hovering between the $46K to $47K handle, BTC’s overall market capitalization is $890 billion at the time of writing. There’s $60 billion in global trade volume across a myriad of cryptocurrency trading platforms worldwide.

BTC/USD at 12:30 p.m. (EST).

BTC is down more than 8% at the time of writing, and many other digital currency markets also saw significant drops in fiat value on Tuesday. The

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