El Salvador's Bitcoin bet suffers amid crypto meltdown – CNN

But as the cryptocurrency market cools off, El Salvador’s investment is rapidly losing value — to the tune of at least $50 million. Since September 2021, the El Salvador government led by President Nayib Bukele has amassed 2,301 bitcoins that were worth $103 million. Now, they are worth around $51 million. The wider crypto market, … Read more