Jump to content

After Bitcoin Falls Below $20,000, El Salvador's President Calls for Patience say .....!


Recommended Posts

Posted

Pro-Bitcoin Salvadoran President Nayib Bukele has asked for patience after the price of Bitcoin fell below $20,000 (less than half the price paid by the Salvadoran government).

  According to tracking site nayibtracker.com, El Salvador under Bukele has spent about $105 million on bitcoin since last September, paying an average of nearly $46,000 per piece.

  The value of El Salvador's bitcoin investment is now down more than 57 percent, or a floating loss of about $61 million, according to calculations.

  Buckley tweeted Saturday local time, "I see some people worried or anxious about the market price of Bitcoin. My advice: stop looking at charts and enjoy life. If you're invested in #BTC, your investment is safe and its value will grow substantially after the bear market."

What do you think about this?

 

 
6cc6-6df4f0fa80c97eba6a76c0007fecd587.jpg
  • Like 1
Posted

Bitcoin Breaks Below 20,000 as Fed Hikes Bite Risk Assets. Will BTC/USD Recover?

Jun 20, 2022 | DailyFX
Daniel McCarthy, Strategist

What Would Happen If Bitcoin Breaks Below $20K, Arthur Hayes Predicts

BITCOIN, BTC/USD, FED, PBOC, IRON ORE, CRUDE OIL, USD/CHF - TALKING POINTS

  • Bitcoin has recovered from weekend losses, but risk appetite stays low
  • Rate hikes are clouding the growth outlook, pushing down industrial metals
  • With a quiet week of data ahead, central bank speakers will be the focus

Bitcoin broke below the psychological 20,000 mark over the weekend. It touched a low of 17,599 on Saturday before recovering back over 20,000 on Sunday. Monday has seen the price jump above and below 20,000 several times.

Risk assets have seen their prices undermined as central banks globally tighten monetary conditions to fight inflation.

This contractionary stance has raised recession fears and it has become apparent that the Fed is likely to tip the US economy toward a slowdown to rein in runaway prices.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Hey guys, I came across and event to earn big rewards with only 6 Days to Mine (Dec 10–16) Reward Pools: USDT Pool: 3,960 $HYPE (660/day) And BTC Pool: 2,640 $HYPE (440/day) with Staking Limits are maximum of 10,000 USDT & maximum of 0.1 BTC. Don’t miss out on this exclusive opportunity to mine $HYPE while staking your assets on BingX exchange.
    • $KIP Protocol is making waves in the blockchain world with its AI-driven approach to Web3 innovation. Built on the Ethereum blockchain, KIP offers a secure and scalable foundation, enabling users to harness the potential of AI in decentralized ecosystems. To celebrate its growth, KIP Protocol has launched an exciting opportunity for participants to earn rewards through its listing carnival on BingX. A massive 3,000,000 KIP tokens are up for grabs, offering users a chance to trade and earn while supporting the protocol's ecosystem. By combining Ethereum’s robust infrastructure with AI's transformative capabilities, KIP Protocol is positioned to lead the way in creating intelligent and decentralized solutions. This initiative underscores the increasing synergy between blockchain and emerging technologies, making it a project worth exploring. Are you ready to trade, earn, and be part of the next wave in blockchain innovation?
    • Airdrops are a popular method in the crypto space to reward loyal users and encourage new adopters. Tomarket is no exception, aiming to reward its most active players by distributing 80% of its TOMA token supply through a series of Tomarket airdrop stages. This initiative recognizes the contributions of users who have supported Tomarket’s growth on the TON blockchain. (To participate click here) The Four Phases of the Airdrop Tomarket airdrop is being carried out in four distinct stages, each designed to reward different segments of the community. Stage 1: Completed on October 31, 30% of the TOMA tokens were released to early participants. Stage 2: A further 30% of the TOMA supply will be revealed before the official token listing on December 20. Stage 3: An additional 17% of the TOMA tokens will be distributed during this phase, though the exact timing is still to be determined. Stage 4: The final 3% will be allocated to early adopters, with specific timing for this stage yet to be announced. How to Qualify for the Tomarket Airdrop Participating in the Tomarket airdrop is simple, but there are a few tasks you need to complete to be eligible: Add the Tomato Emoji: Add a tomato emoji to your Telegram display name to show you're part of the Tomarket community. Reach Bronze Level: Achieve at least Level 4 (Bronze) in the Tomarket game to prove your activity on the platform. Connect a TON Wallet: Link your Tomarket account to a TON wallet to receive the tokens. Join the Telegram Channel: Make sure you’re a member of the Tomarket announcement channel on Telegram to stay updated on all airdrop details. Optional Premium Medal: You can purchase a premium medal for $5, which unlocks additional rewards and gives you access to 100% of your tokens during the Tomarket airdrop. How to Claim Tomarket Airdrop Tokens Once the Tomarket airdrop is live, you’ll be able to claim your Tomarket airdrop tokens directly within the Tomarket app. From there, you can withdraw the tokens to your external wallet for easy access. This streamlined process ensures that getting your rewards is quick and hassle-free. Exclusive Features and the Farming Pool Beyond the Tomarket airdrop, the project is introducing a Farming Pool for TOMA token holders. This feature will allow users to earn more tokens by referring others and participating in various exclusive projects. For players who purchase the premium medal, additional benefits will unlock, enhancing the overall gaming experience. These benefits could include more opportunities to earn tokens, access to special promotions, and other unique features that will be revealed in the future. Explore upcoming crypto airdrops: https://markets.coinpedia.org/airdrops/
×
×
  • Create New...
us