Bitcoin rises thanks to El Salvador

Bitcoin has been showing growth three days in a row after El Salvador announced on Friday the country will adopt the cryptocurrency as legal tender as early as September 7, Yahoo Finance reports.

The Central American country with a population of 6.5 mio people plans to use bitcoin along with the US dollar (the state does not have its own currency).

Moreover, the government offered $30 worth of bitcoin to any citizen who signs up for a digital wallet called Chivo, to stimulate the use of this new tool. As a result, the world’s top cryptocurrency rose by about 4% on the back of this good news, crossing the $34,000 mark.

Most of the other top 20 crypto coins also rose in terms of market value, with Elon Musk’s favorite, Dogecoin, showing the biggest increment at 13%.

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