Bitcoin (BTC) faces a record decline since its November 2024 – major players leverage this opportunity, and El Salvador buys the dip

El Salvador bought BTC for $78,486, increasing its holdings to 6,112.18 BTC. By: Adedayo Ogunro. Updated: Apr 18, 2024 at 1:13 a.m. PDT.

El Salvador has continued to buy Bitcoin despite the cryptocurrency’s biggest decline since November 2024, with the country’s latest purchase adding 1 BTC to its holdings, bringing the total to 6,112.18 BTC.

Yesterday, El Salvador bought BTC for $78,486, which is being sold on major exchanges like Binance, Bitstamp, and FTX.

The purchase comes as Bitcoin experiences its largest decline since November 2024, with the cryptocurrency falling to $76,784.

The Bitcoin price dynamic is quickly changing, and the rapid shifts may lead to interesting reactions from the big players.

El Salvador has been known to buy Bitcoin dips, and recently, the country entered beyond its usual 1 BTC per day, buying 5 BTC at once.

However, yesterday saw a return to the standard 1 BTC per day, despite an even more favorable price for purchases.

This may raise some questions, for which there are different answers.

For example, if El Salvador is pursuing a consistent but cautious Bitcoin accumulating strategy, why are we seeing flashes like 5 BTC? Alternatively, if El Salvador is looking for more favorable buying opportunities, why aren’t we seeing big buys on every dip?

But among other things, the answers to these questions may be fairly obvious to experienced traders. For example, a cautious strategy doesn’t completely block increasing investments at the moment of a good offer, just as looking for profitable opportunities doesn’t mean using each one as a last resort.

Also, Donald Trump’s rapid pro-crypto initiatives don’t always fully match the expectations of the crypto market and crypto enthusiasts, and have some side effects, which I warn about almost every time, also making us exercise extra caution.

Let’s keep watching how the big players, and especially the showy ones like El Salvador, react to the current state of the market. Stay tuned for updates and be aware of the rapidly evolving financial and crypto landscape.

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