At the time this article was published, Bitcoin’s price had fallen to around $30,500 USD.
The country made history in October of last year when it became the first country to accept Bitcoin as legal tender.
However, El Salvador had prior investments in the crypto, bringing its total holdings to 2,301 Bitcoin.
However, due to overall concerns in the stability of the highly volatile crypto market, it remains to be seen what price point Bitcoin will find support at.
EDT An earlier version of this piece incorrectly referred to the stablecoin that lost its peg as the controversial Tether.