Bitcoin’s Day, as it was touted by lots of, turned into the bloodiest day given that May 19th. Right as El Salvador became the really first nation worldwide to formally acknowledge BTC as legal tender, the cryptocurrency lost over $10K of its value in less than 24 hours.
Bitcoin’s Worst Day Since May 19th
As CryptoPotato reported the other day, the law that turns Bitcoin into a legal tender in El Salvador went into effect. Numerous well known, calling this “Bitcoin’s Day.”
Regrettably, the events were short-lived as the markets reddened in a couple of violent per hour candle lights where BTC itself lost over $7K in less than 2 hours. This brought the overall everyday losses to more than $10,000, turning this into the worst day (price-wise) since May 19th.