Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in two-and-a-half months as El Salvador’s historic adoption of the crypto asset as legal tender caused chaos online and on the street.
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Bitcoin plunged as much as 17% to its lowest level in a month amid news El Salvador’s cryptocurrency roll-out was faltering.
Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender on Tuesday.
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PayPal Holdings will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
Bitcoin has once again topped the closely watched $50 000 level again in an ongoing recovery in the cryptocurrency market from a disorderly rout just three months ago.
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