Cryptocurrencies Rally Following Trump Victory, El Salvador’s Bitcoin Bet Pays Off And More: Top Crypto Updates This Week
The week has been a whirlwind of cryptocurrency news, with El Salvador’s Bitcoin gamble paying off and Standard Chartered predicting a massive surge in the digital assets market. Meanwhile, Detroit is set to become the first major U.S. city to accept cryptocurrency for taxes and other city fees. Let’s dive into these stories and more.
El Salvador’s Bitcoin Bet Pays Off – El Salvador, the pioneer nation in adopting Bitcoin (CRYPTO: BTC) as a legal tender, has seen an 81% return on its investment. According to Spotonchain data, the country’s strategic Bitcoin investments, spearheaded by President Nayib Bukele, have yielded gains of $24.54 million. Since November 18, 2022, El Salvador has been purchasing one bitcoin daily at an average price below $42,000. Read the full article here.
Standard Chartered Forecasts Crypto Boom – Standard Chartered predicts a …
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