El Salvador celebrates Black Friday, buys 100 BTC for 20% off By

Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into as the price dropped under $54,000 Friday.

In a Friday tweet, El Salvador’s president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According to data from Cointelegraph Markets Pro, since reaching an all-time price of $69,000 on Nov. 10, Bitcoin has fallen more than 20% to reach $54,343 at the time of publication, an 8% drop in less than 24 hours.