Data: El Salvador's 2027 bonds have risen more than 60% since the start of the year

El Salvador’s bonds due in 2027 have rallied more than 60 percent since the start of the year, while bitcoin prices have risen 80 percent, Decrypt reported. In September 2022, credit ratings firm Fitch Ratings downgraded El Salvador's debt and predicted the country would default on its debt in January 2023, but that didn't happen and El Salvador repaid $800 million in January. bond. El Salvador will make Bitcoin a legal tender in September 2021. According to Bloomberg, the country holds 2,546 bitcoins worth about $76.6 million.