El Salvador's Bitcoin holdings fall by $300 million.

The value of El Salvador's Bitcoin holdings has decreased by approximately $300 million due to the falling price of Bitcoin, Walter Bloomberg reported. The account added, "The risks of El Salvadoran President Nayib Bukele's cryptocurrency investments have been exposed, and anxiety is building in the country's bond market." The account continued, "Despite these losses, El Salvador continues to buy Bitcoin, and negotiations for a $1.4 billion IMF loan have stalled. Analysts have warned that El Salvador's continued cryptocurrency purchases and delays in pension reform could derail IMF assistance."