El Salvador promotes Bitcoin fiat currency, most cryptocurrencies rise

0

 259 total views

Current major cryptocurrency market conditions at this time – Take a look at CoinMarketCap

Most of the cryptocurrencies (virtual currencies) such as Bitcoin are rising on the news that El Salvador is pushing for a Bitcoin fiat currency.

On the 7th at 6:10 am (Korean time), on CoinMarketCap, a global coin market relay site, Bitcoin recorded $35,892, up 0.43% from 24 hours ago.

Bitcoin plummeted to as low as $34,000 at one point on the news that China had blocked the Weibo account of a Bitcoin influencer the day before, but rebounded on news that El Salvador would adopt Bitcoin as a fiat currency.

El Salvador’s President Nayve Bukele attended the “Bitcoin 2021 Conference” in Miami on the previous day, and announced that he would submit a bill to the legislature next week to convert bitcoin into a legal currency.

Experts agree that the passage of the bill is certain as the ruling party controls a majority of the parliament.

Not only Bitcoin, but also Ethereum, the second largest by market cap, recorded $2702, up 3.03% from 24 hours ago on CoinMarketCap at the same time.

At the same time, on Upbit, a Korean trading site, Bitcoin is trading at 41,987,000 won, up 0.10% from 24 hours ago, and Ethereum is also trading at 3,162,000 won, up 1.90%.

Current domestic market conditions of major cryptocurrencies at this time – Upbit Capture
Disclaimer:

Blockcast.cc does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.