Cryptocurrencies
Biggest Test in Bitcoin’s 12-Year History Has a Rocky Start
- Bitcoin crashed amid technical glitches in El Salvador rollout
- Poll shows Salvadorans remain skeptical about the plan
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El Salvador’s experiment using Bitcoin had a rocky start as its price crashed on its first day as legal tender, while the roll-out was hampered by technical glitches.
The cryptocurrency plunged as much as 17% to its lowest level in a month amid news that the government disconnected its Bitcoin wallet early on Tuesday to fix problems.