Bitcoin drops to $36,000, El Salvador to recover 410 coins

Bitcoin eventually fell below its semi-annual low to $36,000, and Bitcoin-backing Central American country El Salvador bought around 410 Bitcoin in another move, taking its Bitcoin currency to 1,500. I did.

At 6 a.m. on January 22, Bitcoin (BTC) once fell below $36,000, hitting its semi-annual low of $35,894. Nearly $1 trillion has evaporated.

Calculated from all-time highs in November 2021, Bitcoin is now close to halving, down 45%. While the recovery from the peak was much needed, Bitcoin ran into surprise policy from the US Federal Reserve, and raised from its balance sheet to falling tech stocks, Bitcoin and other assets are all competitors.

7-day comparison of bitcoin with the US dollar. (Source: CoinMarketCap)

Bitcoin and cryptocurrencies have been hit hard and the costs of businesses dealing with cryptocurrencies have plummeted. Coinbase lost as much as 16% of its share, near its lowest level since its IPO. MicroStrategy also lost 18%, in part because the SEC banned the use of illicit currencies to inform investors about bitcoin in terms of gains and losses.

The government of El Salvador, half washed in the voice of fear, has not stopped. According to the data, Saskatchewan redeemed 410 bitcoins worth approximately $36,580, for a total exchange rate of $15 million.

El Salvador now has 1,500 bitcoins that could be put into a 10-year bitcoin contract worth $1 billion to support large-scale public development, including ground-based power generation, repair and bitcoin city.

Salvadoran President Nayves Bukele loves Bitcoin and has been consistently in the bear market for the past six months. The actual tweet read: "Think I missed that low but luckily I didn't and some people sold it for a really low price."

El Salvador reported no gain or loss, but holding rates from September 2021 to present are expected to be between $42,000 and $45,000. If not, it will take more time and more information to review.