El Salvador President Nayib Bukele disclosed a $50 million gold purchase by the country’s Central Reserve Bank as prices fell to around $5,100. ・The bank acquired 9,298 troy ounces of gold on international markets to expand national reserves.

Recent sharp declines in cryptocurrency prices, including Bitcoin, have led to diverging forecasts about future price movements. According to CoinMarketCap, Bitcoin fell approximately 12% since the beginning of the year until the 1st.

Marginally good news and big bitcoin purchases have yet to move the cryptocurrency in a meaningfully positive direction.