SITUATION REPORT

El Salvador: Bitcoin Collapse Prompts Concern About Debt Outlook

MIN READMay 13, 2022 | 16:43 GMT

Bitcoin hit a low of $29,602 on May 12, which is a 57% decline since its November 2021 highs and a 38% drop since El Salvador officially adopted bitcoin as legal tender on Sept. 7, 2021, and bitcoin briefly touched its lowest level since 2020, Bloomberg reported May 12....

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