Salvadoran President Nayib Bukele, who invested more than $5million in the dip as it fell below $54,000 on Friday, bought the dip.

In a Friday tweet, El Salvador’s president He had bought 100 Bitcoins (BTCAfter a sell-off on the global markets in reaction to South Africa’s new COVID-19 version, Data from Cointelegraph Markets ProBitcoin reached an all time high price of $69,000 in Nov. 10 and has since fallen by more than 20%, reaching $54,343 at publication. That’s an 8-hour drop.