Bitcoin addresses with 1 BTC surge past 830,000 as retail investors increase in number Crypto
Bitcoin, the world's largest digital currency, briefly fell to lows of $29,731 on May 10, hitting its lowest price since July 2021 while setting new yearly lows for 2022. At the time of publication, Bitcoin was trading at $31,667, down 3.
On Monday, Luna Foundation Guard said it would lend $750 million worth of Bitcoin to trading firms to"help protect the UST peg," while a further 750 million UST will be lent out to buy more Bitcoin"as market conditions normalize." The company added in a follow-up tweet that it has withdrawn 37,000 Bitcoin worth over $1 billion at current rates, to lend out., said the country has made another purchase of 500 Bitcoin for $15.37 million on Monday, taking advantage of a sudden price dip to add to its cryptocurrency holdings.
El Salvador has made 10 cryptocurrency purchases since adopting Bitcoin as legal tender in September. Its most recent Bitcoin purchase occurred in January when it purchased 410 BTC at an average price of $36,585.
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