Crypto News: El Salvador buys back bonds amid Bitcoin’s plunge

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The President of El Salvador, Nayib Bukele, is planning to buy back $1.6 billion in bonds amid a persistent recession in the cryptocurrency market. The price of Bitcoin has plunged by nearly 70% from its all-time high, and El Salvador’s Bitcoin holdings have been affected by this. El Salvador to buy back bonds Bukele posted a tweet Tuesday saying he would send two bills to Congress to authorize funding for these buybacks. Bukele authorized the use of Bitcoin as a legal tender in September ...

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