Bitcoin Price Jumps As El Salvador Makes Cryptocurrency Legal Tender
The world’s largest, and most recognized, cryptocurrency surged to $52.85 at its peak last night and was up 1.71 percent in the last 24 hours of trading, according to Coin Market Cap—a website that tracks digital currencies. Bitcoin’s rise in value comes as El Salvador will today become the first country in the world to accept the cryptocurrency as legal tender. El Salvador’s President Nayib Bukele announced on Monday the Central American country held 400 Bitcoins....