Reuters

El Salvador holds 400 bitcoin, price jumps

El Salvador holds 400 bitcoins, President Nayib Bukele said on Monday, one day before the country formally adopts it as legal tender alongside the U.S. dollar. Bitcoin temporarily climbed above 1.49% to more than $52,680 on Monday evening, Refinitiv Eikon data showed, with a Reuters market analyst putting it on track for $56,000-$56,300. Earlier on Monday, Bukele unveiled that El Salvador had bought its first 200 bitcoins, saying on Twitter that “our brokers will be buying a lot more as the deadline approaches.”

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