Bitcoin crashes as El Salvador’s world-first adoption gets off to bumpy start ...News

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Bitcoin crashes as El Salvador’s world-first adoption gets off to bumpy start
The world’s number one digital asset, bitcoin, plummeted after El Salvador officially adopted the crypto as legal currency. The historic adoption was beset by protests on the streets and technical problems online. The price of bitcoin dropped as much as 16% to around $43,100 after breaking through $52,000 late Monday. The cryptocurrency has managed to rebound since then, and was last down over 13% to trade at $45,512. The fall has been attributed to a technological glitch that forced El Salvador’s government to take the country’s new digital wallet Chivo offline while it boosted server capacity. Also on rt.c

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