El Salvador Buys Bitcoin Amid Market Dip, Increasing Holdings to $688 Million

El Salvador continues its strategy of purchasing Bitcoin on a daily basis, bolstering its holdings to 7,474.37 BTC, which is worth approximately US$688 million. This purchase comes amid a recent market dip, with Bitcoin falling below $90,000 and short-term holders liquidating significant amounts due to the bearish trend. The government is committed to increasing its Bitcoin holdings despite the market volatility. 1,091 BTC was purchased this week alone.