Bitcoin and other major cryptocurrencies were observed trading in the red on Sunday evening as the global cryptocurrency market cap declined by 1.1% to $1.63 trillion. The apex cryptocurrency did not receive a boost, at the time of publishing, from the news that President Nayib Bukele of El Salvador — who is a major backer of the digital coin — declared victory in the country’s presidential elections. Bukele announced on X, formerly Twitter, that he had won the election with more than 85% of the votes and a minimum of 58 of 60 deputies in the nation’s assembly, calling it a “record” in democra…
