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Bitcoin briefly nose dives 18%, dogecoin tumbles 30% and market stages wipeout as El Salvador makes crypto legal currency

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Strategists said there was no immediate catalysts for crypto markets' sudden drop and its recovery, but investors also noted that Coinbase, the U.S.’s largest crypto exchange, reported trading problems due to volume on its platform.

Crypto markets experienced a momentary tumble on Tuesday that resulted in some of the most popular digital-assets registering double-digit losses, until staging a mini recovery.

Popular meme asset dogecoin DOGEUSD, -18.62% was down 17%, at last check, at 25.3 cents, but had drifted lower to trade at 21 cents on the session. iframe.twitter-tweet { width: 100% !important; } The turmoil in digital assets comes as El Salvador officially became the first country in the world to adopt bitcoin as legal tender, allowing Salvadorans to do everything from buy goods and services to paying taxes.

 

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Pick the best CRYPTO out there... got Stellar $XLM !! BEST IN PAYMENTS TOKEN !!!

They always crash at the worst time...Where is the SECGov

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