Economy

Bitcoin crash wipes out El Salvador’s cryptocurrency reserves

By Brayden Dean
Published June 15, 2022 3:06pm ET
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Bitcoin crash wipes out El Salvador’s cryptocurrency reserves
The value of El Salvador’s Bitcoin stash has lost half its value amid the cryptocurrency crash. The Nayib Bukele tracker, which records each purchase the nation makes along with its cost basis and total reserves, has purchased 2,301 Bitcoins at $45,000, for a total cost of $104.6 million. As of Wednesday, the price of Bitcoin […]

The value of El Salvador’s Bitcoin stash has lost half its value amid the cryptocurrency crash.

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Bitcoin Cryptocurrency El Salvador