Despite turmoil in the broader cryptocurrency market, El Salvador remains committed to its bold Bitcoin strategy.
The Central American nation made headlines by becoming the first country to adopt Bitcoin as legal tender, and has since added 12 more Bitcoin to its reserves amidst record-high prices.
However, the volatile market saw a tumultuous 24 hours, with major altcoins such as Solana and Cardano experiencing sharp declines and liquidations totaling $1.28 billion.
Amid discussions about Bitcoin’s role as a strategic asset, some have even speculated about the potential of a US Bitcoin reserve.
