Bitcoin drops below $43,000 on El Salvador's first day using it
CNN
It's a volatile day for bitcoin, which briefly fell by about 10% Tuesday — below the $43,000 mark.
The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first country in the world to do so. That's good news for the mainstreaming of bitcoin. But the crypto fell Tuesday on the "buy the rumor, sell the news" phenomenon related to the Salvadoran policy finally coming to be, said Edward Moya, senior market analyst at Oanda.
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