El Salvador Keeps Buying Bitcoin
El Salvador has added 1 more Bitcoin (BTC) to its national holdings, even as the price stays close to $108,000. This shows the country still believes in Bitcoin for the long term. As of now, El Salvador owns 6,187.18 BTC, worth more than $674 million.
This new Bitcoin was bought on May 24, when the price was around $108,740. The country’s buying pattern shows it is building its Bitcoin stash slowly and carefully.
Strategic and Steady Bitcoin Purchases
In the last 7 days, El Salvador bought 8 BTC, and in the last 30 days, it bought 31 BTC—worth about $3.4 million. The country has been increasing its BTC holdings steadily since late April, when it held about 6,160 BTC.
El Salvador is only buying Bitcoin—no other cryptocurrencies. This shows a clear and simple investment plan focused on one asset. All of the Bitcoin purchases can be checked on the website bitcoin.gob.sv, helping keep things open and transparent.
Bitcoin Price Stays Strong Despite Market Swings
Bitcoin is holding steady above $108,000, even though the market has seen some ups and downs. On the latest day:
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Opening price: $108,594.76
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High price: $108,768.18
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Low price: $108,594.62
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Current price: Around $108,740.88
The price is trading in a tight range, meaning it’s not going up or down too fast. This shows strong support from buyers.
There are key areas to watch:
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Support zone: $108,241 (dotted line support level)
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Resistance zone: $109,250
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Range: $106,500 to $109,250
As long as Bitcoin stays above $104,000, there is low risk of a big drop. Trading volume also shows steady interest from buyers and sellers.
Disclaimer: This article is for information only and not financial advice.
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