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As the IMF warns about the risks of Bitcoin, El Salvador states: not only to buy, but also to accelerate purchases!
① Despite the International Monetary Fund (IMF) constantly warning El Salvador to limit its exposure to Bitcoin, El Salvador has stated that it will continue to purchase Bitcoin and may even accelerate its buying pace. ② El Salvador currently holds 5,968 coins, valued at approximately $0.594 billion at the current Market Cap.
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Bitcoin fell more than 5% during the day as the Federal Reserve shifted its tone, putting pressure on risk Assets.
① Bitcoin's decline intensified on Friday, trading around $92,400, down about 9% from 24 hours ago, with a daily drop of over 5%, retreating nearly 15% from its historical peak. ② Trump stated he will do great things in the Cryptos field and plans to establish a Cryptos reserve similar to the strategic petroleum reserve, but Bitcoin has become "overly Call" and is susceptible to changes in the Federal Reserve's tone.
Bitcoin Crashes 10%, Ethereum, XRP Down 18%, Dogecoin Craters 28%: What Is Going On?
Coin Victory Group: The Federal Reserve's interest rate cut has led to a significant pullback in Bitcoin and Ethereum. Is there still a chance for a rebound in the future?
Coin Victory Group: The Federal Reserve has lowered interest rates, but Bitcoin and Ethereum have experienced a deep correction. Is there a chance for a rebound in the future?
Bitcoin Price Plummets. Why the Crypto Is Having a Tough Week