Bitcoin Back Over $60K as El Salvador Buys 420 BTC

Bitcoin Back Over K as El Salvador Buys 420 BTC
Bitcoin is making a recovery, up 4% in the last 24 hours, trading at around $61,000. This comes as El Salvador’s government announced Wednesday it had purchased more bitcoin for its official account.On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC, which is equivalent to around $25 million. El Salvador’s treasury now holds an estimated 1,120 bitcoin, according to a Reuters report.“Today the markets were buoyed by news of additional state level purchases from El Salvador, indicating the country’s intentions to continue to acquire,” said Jason Deane, analyst at…