Problems with El Salvador's Bitcoin legal tender rollout, price crashes

Jan

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Bitcoin crashes

Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s crypto rollout was faltering.

The largest cryptocurrency fell as low as $43,050 in New York Tuesday, tumbling more than 10% in the course of an hour after it had broken above the the closely watched $50,000 level. The Bloomberg Galaxy Crypto Index, which tracks some of the largest cryptos, lost as much as 19%, while other smaller digital assets also sold off. Dash and Ethereum Classic plunged roughly 20% each.
 
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