[Lunch Briefing] El Salvador Earns 430 Billion Won Due to Bitcoin Surge

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Bitcoin price chart as of 1:30 pm on the 9th based on Bithumb,/Source=Bithumb


Major virtual assets are in a downward trend.

As of 1:30 pm on the 9th based on Bithumb, BTC fell 0.21% from the previous day to 13,936,100 won. ETH fell 0.88% to 5,519,000 won, XRP fell 1.89% to 3,481 won, SOL fell 1.36% to 325,700 won, and BNB fell 1.94% to 1,013,000 won.



The international market is also in a downward trend.

At the same time, on CoinMarketCap, BTC recorded $99,150.77, down 0.76% from the previous day. ETH fell 1.55% to $3,927.97, XRP fell 3.75% to $2.47, SOL fell 3.30% to $232.17, and BNB fell 4.19% to $721.27.

The total market capitalization of virtual assets decreased by 1.9% from the previous day to about $3.62 trillion (about 519.69 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, fell 1 point from the previous day to 78 points, indicating 'extreme greed'.

After BTC price broke through $100,000, the unrealized profit of the Salvadoran government, which has been steadily buying BTC, exceeded $300 million (about 430.57 billion won).

According to CoinTelegraph on the 8th (local time), Nayib Bukele, the President of El Salvador, revealed the amount of BTC held by El Salvador that day. El Salvador has purchased about $270 million worth of BTC so far, and the unrealized profit is more than $330 million.

El Salvador became the world's first country to adopt BTC as legal tender in 2021 and has been steadily collecting BTC. According to the BTC tracking platform Nayib Tracker, El Salvador currently holds 6,180 BTCs.
Jae-heon Choi, Reporter
chsn12@decenter.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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