Bitcoin (BTC) price jumps after El Salvador adopts it as legal tender

Other cryptocurrencies got a lift as well, and ether and XRP were both trading higher.

Bitcoin is still significantly off of its record high of $64,829.14 that was hit in April.

Bitcoin is known for wild price swings that have prompted critics to suggest it is not suitable to be an effective currency. El Salvador’s case will be closely watched to see how bitcoin might work as a payments mechanism on a country-wide basis.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Samsung Galaxy A52 5G Review: Not Perfect, But Reliable

Last year, I said Samsung's $400 Galaxy A51 was overpriced. Naturally, Samsung went ahead and jacked up the price of its successor, the...

How influencers fit into Twitter’s plans to double revenue

Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India.Amal...

The 13 Best Soundbars for Every Budget (2021): Vizio, Sonos, Yamaha

You've probably already shelled out good money for a nice big TV, and maybe a streaming gadget to play your Netflix. But what...