The president of El Salvador, Nayib Bukele announced that El Salvador would start purchasing one bitcoin every day from Nov. 17. The announcement comes roughly three and a half months after the nation scooped up its last bitcoin in July 2022, buying 80 BTC at $19,000 per coin. El Salvador became the first country in the world to <a href="https://zycrypto.com/bitcoin-officially-becomes-legal-tender-in-el-salvador-country-secures-first-400-btc-purchase/">recognize bitcoin</a> as a legal tender in September 2021.&nbsp;

On Nov. 16, 2022, at Bitcoin block height 763,474, someone transferred 6,522 bitcoin worth roughly $107 million after the coins sat idle for more than five years.

Bitcoin (BTC) has recently experienced increased price volatility, with the asset breaching key levels to the downside. However, the maiden cryptocurrency’s depressed price has not reflected on other key metrics like trading volume.&nbsp;

Bitcoin tried its hand at overtaking $17,000 hours ago but was stopped once the UK inflation data came out.

Bitcoin and Ethereum jumped Tuesday along with stocks on positive news coming out of the U.S. about inflation.&nbsp;

Hosting provider Applied Digital, formerly known as Applied Blockchain, secured a $15 million loan deal with Vantage Bank Texas to expand its operations in that state.

There has been a clear weakening of the correlation between the S&amp;P 500 equity index and bitcoin (BTC) as crypto markets suffer after the FTX and Alameda collapse, Citi (C) said in a research report last week.

Former Microstrategy CEO and Bitcoin bull Michael Saylor believes the fallout of FTX could actually benefit Bitcoin and spark further growth in the crypto industry.

The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencies.

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to see through the fog while pushing forward their vision for financial freedom.