By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Bitcoin: El Salvador Buys The Dip
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > Bitcoin: El Salvador Buys The Dip
Bitcoin

Bitcoin: El Salvador Buys The Dip

Paul Ebeling
Last updated: December 4, 2021 10:25 am
Paul Ebeling
Share
1 Min Read
SHARE

#bitcoin #cryptocurrency

#BTCUSD $ETHUSD $KNIGHTSUSD

“Spot market selling seems to have driven the cryptocurrency lower before triggering huge stop loss in the derivative markets”— Paul Ebeling

The price of bitcoin fell early Saturday, falling nearly $10,000 in roughly an hr to a temporary low of $42,000 before bouncing and is currently trading at $48,271.24

Bitcoin has fallen some $15,000 over the past 24 hrs. Ether fell around $1,100 over the same time frame.

The leading cryptocurrency reflected a broader drop in crypto markets, according to CoinDesk’s price index, with some cryptocurrencies falling more than 20% over the past 24 hrs. Most of these assets appear to have suffered a sharp decline starting around 04:00 UTC Saturday.

Spot market selling looks to have driven the cryptocurrency lower before triggering huge stop loss in the derivative markets.

Nevertheless, some are using this fall as an opportunity to “buy the dip.” El Salvador President, whose country holds bitcoin on its balance sheet and has purchased coins during previous dips, announced another purchase of 150 BTC for around $48,700 each.

Have a happy, healthy weekend, Keep the Faith!

You Might Also Like

Qatar’s Venture Capital Surge

The U.S. Dollar: Trump Cannot Save It—Buy Gold and Bitcoin

Quo Vadis: A Defining Moment in Church History

Founders Pitching and Power Networking with SEA Region Decision Markers

Target150 Stem Cell Therapy and Wellness in Thailand

TAGGED:BitcoinBTCUSDcrypcryptocurrencyetherKnights

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article Protect Your Mental Health During Uncertain Times
Next Article Sharing My Passion for Real Food Made at Home: Season Like a Chef


Latest News

Catholics and Muslims in Israel: A Call for Greater Political Voice
Catholic Headline News Opinion Politics Shayne Heffernan May 11, 2025
The Papal Tiara: A Crown of Earth and Heaven
Catholic Featured Headline News Opinion Shayne Heffernan May 6, 2025
How to Protect Your Portfolio Against Global De-Dollarization
America Asia China China Stocks Headline News Middle East Most Popular Opinion Shayne Heffernan Shayne Heffernan Start Ups Stocks May 6, 2025
The End of the Dollar Is Nigh
Asia Crypto Economy Headline News May 6, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?