El Salvador is a digital currency that has been officially approved, such as Bitcoin
El Salvador today is the first day of relying on Bitcoin as an official currency..the wallet they made has technical problems that led to its suspension. The news (along with a host of other things) caused confusion in the market and so much selling that major trading platforms such as Coinbase, Kraken and Gemini crashed. Just yesterday, the cryptocurrency market lost more than $400 billion in value
Crypto Flash Crash Wipes Out $400 Billion In Market Value On Bitcoin Day As El Salvador’s President ‘Buys The Dip’
TOPLINE The cryptocurrency market posted staggering losses Tuesday as a wave of selling pummeled the prices of nearly every single coin—unraveling the gains priced in by a retail trading mania ahead of El Salvador's first day accepting bitcoin as legal tender.