Bitcoin (BTC) price jumps after El Salvador adopts it as legal tender

Other cryptocurrencies also rose, and Ether and XRP both traded higher.

Bitcoin is still well off its all-time high of $ 64,829.14 that it hit in April.

Bitcoin is known for wild price fluctuations got the critics to say so not suitable as an effective currency. The El Salvador case is being watched closely to see how Bitcoin could function as a payment mechanism nationwide.

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