El Salvador’s total holdings in Bitcoin have exceeded $60 million USD amid the cryptocurrency price surge.

With 2,848 Bitcoin in possession, the nation has capitalized on Bitcoin’s recent price ascent, which saw it surpass the $61,000 USD mark, marking an 8.42% increase over the past 24 hours and an 18.60% rise over the past seven days.

El Salvador Wealth Increases Amid Bitcoin Price Surge

In 2021, El Salvador initiated its Bitcoin purchases and became the first country to recognize Bitcoin as legal tender.

Following the crypto crash, which led to the collapse of various crypto firms, including the exchange FTX in November 2022, there was significant speculation regarding the nation’s financial stability.

Read more: Bitcoin Price Prediction 2024/2025/2030

Reports indicate that one year into its Bitcoin experiment, El Salvador suffered a loss of $60 million.

On February 5, Nayib Bukele declared himself the winner of El Salvador’s national election. Thi

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Author: Ciaran Lyons

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