According to Odaily, El Salvador's Bitcoin Office announced on the X platform that it has transferred $1 million worth of Bitcoin into the country's strategic Bitcoin reserves. Earlier reports indicated that at 8:07 AM UTC+8, a wallet address associated with El Salvador purchased 11 Bitcoins valued at $1.07 million to bolster its strategic Bitcoin holdings.This move underscores El Salvador's ongoing commitment to integrating Bitcoin into its national financial strategy. The purchase aligns with the country's broader efforts to leverage cryptocurrency as a tool for economic development and financial inclusion. By increasing its Bitcoin reserves, El Salvador aims to strengthen its position in the global cryptocurrency market and potentially benefit from future price appreciations. El Salvador's decision to invest in Bitcoin has been closely watched by both supporters and critics of cryptocurrency. Proponents argue that such investments can provide a hedge against inflation and currency devaluation, while critics caution about the volatility and risks associated with digital assets. Nonetheless, El Salvador continues to pursue its Bitcoin strategy, reflecting its confidence in the long-term potential of cryptocurrency.

Ongoing Bitcoin Accumulation Despite IMF Agreement
El Salvador is continuing its strategy of accumulating Bitcoin, even after recently securing a $1.4 billion loan agreement with the International Monetary Fund (IMF). The agreement includes changes to its approach to Bitcoin, such as allowing merchants to voluntarily accept the cryptocurrency instead of mandating its use. Additionally, the government’s involvement in Bitcoin-related initiatives will be limited. However, the final approval of this agreement depends on the IMF's Executive Board.
New Addition to Reserves: 11 Bitcoins
The Salvadoran government has recently purchased 11 Bitcoins worth over $1 million, adding to its strategic reserve. Since 2021, the country has accumulated a total of 6,203 Bitcoins, with an estimated market value of $554 million. The National Bitcoin Office confirmed the government’s plan to purchase at least one Bitcoin daily, reaffirming its commitment not to sell any Bitcoins or other assets.
Alongside these investments, the government plans to gradually withdraw from directly managing the state-backed Chivo wallet. Meanwhile, the country has clarified that taxes will continue to be paid in U.S. dollars, the nation’s official currency.
Salvadorans Remain Skeptical About Bitcoin
Mixed Opinions on Cryptocurrency Adoption
Despite the government’s ongoing Bitcoin purchases, adoption among Salvadoran citizens remains a contentious issue. Max Keiser, President Nayib Bukele’s Bitcoin advisor, emphasized that using the cryptocurrency in the country has always been voluntary and its popularity is growing.
However, a recent survey revealed that 92% of Salvadorans still do not use Bitcoin for daily transactions. While this marks a slight improvement from 88% the previous year, it highlights the persistent skepticism toward cryptocurrency in the country.
Conclusion
El Salvador continues to invest in Bitcoin, strengthening its position in the cryptocurrency market. However, the low adoption rate among citizens underscores the challenges of implementing nationwide cryptocurrency adoption.

#BTCNextMove , #ElSalvadorBTCReserve , #digitalassets , #BTC☀ , #CryptoNewss

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El Salvador's Bitcoin Office has made another bold move, transferring $1 million worth of $BTC into the country’s strategic reserves. According to Odaily, this action follows an earlier purchase of 11 Bitcoins, valued at $1.07 million, at 8:07 AM UTC+8. This continued investment demonstrates the nation’s commitment to integrating Bitcoin into its financial framework, with the goal of enhancing economic development and promoting financial inclusion.

This move is part of El Salvador's broader plan to utilize cryptocurrency as a tool for national growth, aiming to solidify its standing in the global crypto market. The government’s ongoing $BTC accumulation strategy is a clear indicator of its belief in the asset’s future potential, despite the volatility surrounding digital currencies.

El Salvador’s Bitcoin investments have sparked significant debate, with supporters viewing them as a hedge against inflation and currency devaluation, while critics point to the risks tied to Bitcoin’s price fluctuations. Nevertheless, the country’s actions reflect its long-term confidence in the value of Bitcoin, making El Salvador a key player in the cryptocurrency world.

#ElSalvadorBTCReserve

🔔 MARKET MOVING NEWS! (20/12/24)

1️⃣ Aptos Labs Co-Founder Mo Shaikh Steps Down As CEO 👀

Mohammad Shaikh, the co-founder and CEO of Aptos Labs, has reportedly resigned from his position to "start a new chapter." Shaikh stated that Avery Ching, the firm's co-founder and CTO, will now assume the CEO position "to drive the company into its next phase of growth."

Shaikh wrote,

Today I am stepping away from Aptos Labs to start a new chapter. One of my true passions lies in building companies from the ground up and we have done that at Aptos Labs by building a world-class team. I leave Aptos Labs with the utmost confidence in the team, and strongly believe the talent and drive of Aptos Labs will bring our collective vision to life in the near future.

2️⃣ Bitcoin Miners MARA and Hut 8 Boost Their BTC Treasuries With Big Buys 💰
$BTC
Bitcoin mining companies MARA (formerly Marathon Digital) and Hut 8 both announced substantial BTC purchases on Thursday. Specifically, MARA stated that it acquired 15,574 BTC for about $1.53 billion ($98,529 per BTC) using proceeds it raised from 0% convertible notes offering in November and December. This brings MARA total BTC holdings to 44,394 BTC, valued at $4.45 billion. As for Hut 8, the firm stated that it acquired 990 BTC for approximately $100 million. This brings the total BTC held in its strategic Bitcoin reserve to 10,096 BTC, valued at more than $1 billion as of Dec. 18.

3️⃣ Investor Lawsuit Filed Against Hawk Tuah Memecoin Creators, Partners ▶️ #hawktuah
#Memecoin
Investors in the Hawk Tuah (HAWK) memecoin have reportedly filed a lawsuit against several entities involved in the launch. The lawsuit alleges that the defendants, namely the Tuah The Moon Foundation, OverHere Ltd, Clinton So, and Alex Larson Schultz, engaged in the promotion and sale of an unregistered securities offering. The complaint claims the pre-launch marketing efforts surrounding HAWK provided "reasonable expectation of profits," and the token's success relied on Welch and her project team's efforts. The complaint states that the twelve plaintiffs who invested in HAWK based on this promise, collectively experienced a financial loss of $151,000.

4️⃣ Bitfinex Hacker Makes Plea From Prison for Rapper Wife ❓
Ilya Lichtenstein, the hacker currently serving a five-year prison sentence for stealing billions from crypto exchange Bitfinex, has reportedly made his first public comments since being sentenced. The statement, released as a video on social media, claims neither his wife Heather Morgan nor his father Eugene Lichtenstein were directly tied to the 2016 theft of 120,000 BTC.

Lichtenstein stated,

I planned and executed the Bitfinex heist entirely by myself. And I am the one who bears full responsibility for everything that has happened. Any allegations that my elderly and not-at-all tech-savvy father had any involvement in any hacking activity ever are completely false and frankly absurd […] While it is true that my wife pleaded guilty to laundering a small portion of the funds, she was in no way involved in the hack itself. In many ways my wife, who I love so, so much, is just another victim of my bad decisions.
5️⃣ SEC Approves First Hybrid Bitcoin-Ethereum ETFs From Hashdex, Franklin Templeton ‼️
$BTC $ETH
The United States Securities and Exchange Commission (SEC) has reportedly approved Hashdex and Franklin Templeton’s respective Bitcoin and Ether index exchange-traded funds (ETFs). Specifically, the SEC authorised Nasdaq to list the Hashdex Nasdaq Crypto Index US ETF and the Cboe BZX Exchange to list the Franklin Crypto Index ETF.  Senior Bloomberg ETF analyst Eric Balchunas expects the funds to launch in January with an approximate 80% Bitcoin and 20% Ethereum split.

6️⃣ El Salvador Buys 11 BTC Only A Day After Reaching A Deal With IMF 💸 #ElSalvadorBTCReserve
El Salvador’s National Bitcoin Office has announced that it had transferred over a million dollars worth of BTC to its Strategic Bitcoin Reserve. A website tracking these purchases shows that it had added 11 BTC to its holdings. Notably, the purchase comes just a day after the country struck a $1.4 billion deal with the International Monetary Fund that stipulated limits on dealing with the asset. Stacy Herbert, the head of El Salvador’s National Bitcoin Office, wrote on X that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward.

$DOGE

hello guys

As I told you before, Dodge was placed in a channel from a strong spike.
Now that the channel itself has been broken, we have specified for you that we expect to climb up to the specified targets.

Be successful and profitable.

#CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall

Crypto enthusiasts, something massive is happening, and I need to share it with you before it’s too late. The game has changed, and so has the way people play it.

Here’s the revelation: the psychology of this crypto cycle is unlike anything we’ve seen before. Gone are the days of holding and buying the dip. Now, it’s all about short-term profits, quick flips, and cashing out at every opportunity. The driving force? Memecoins and their explosive moves have reshaped how participants think.

But here’s the twist: while many are busy trying to predict the top or make fast money, they’re missing the bigger picture. This market isn’t done. Pullbacks will come, but they’re looking more like buying opportunities than signs of an end. The uptrend could last far longer than anyone expects.

The moment the crowd shifts back to long-term thinking is when the real top will emerge. Until then, the ride will be wild, volatile, and filled with opportunities to change your financial future.

This is your chance to be ahead of the curve. The market is moving fast, and history is about to be made. Are you ready?
#BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall #GrayscaleSUITrust

In a dramatic turn of events, the U.S. House of Representatives has voted against the Trump-backed plan to avert a government shutdown. This proposal, which aimed to prevent the shutdown by proposing significant cuts to federal spending, failed to gather enough support, leaving lawmakers in a scramble for alternative solutions as the deadline draws near.

President Trump had urged Republican lawmakers to back this plan, which would have included substantial cuts in exchange for a temporary halt to the shutdown threat. However, the proposal faced stiff opposition from both Democrats and moderate Republicans who were concerned about the long-term impact on government services and federal workers. The rejection of this plan has intensified pressure on Congress to find common ground and avoid the negative economic and political fallout of a shutdown.

With no clear resolution in sight, lawmakers are now racing against the clock to negotiate a spending deal. The rejection of the Trump-backed plan signals the deep divisions within the Republican Party and underscores the challenges ahead for both parties as they seek to address broader issues such as government funding, immigration, and fiscal policy. As the deadline nears, uncertainty remains over which direction Congress will take. The political landscape is becoming more complex, with the possibility of further political maneuvering as both parties work to avoid the economic repercussions of a shutdown.

This situation underscores the challenges faced by lawmakers in balancing immediate political needs with long-term implications for the country. The rejection of the Trump-backed plan is a reminder of the ongoing tensions within the Republican Party and the difficulty of achieving consensus in a deeply polarized Congress. As the countdown to the shutdown continues, the nation is left watching closely to see what steps will be taken next to prevent this crisis.
#BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall #BinanceAlphaAlert

Crypto fam, brace yourselves for one of the wildest stories of the year! Binance just shook the crypto world with a $3.5 billion blunder during the launch of Puddy Penguins ($PENGU ).

For 30 intense minutes, Binance displayed $PENGU ’s market cap as $350 million, a staggering underestimation caused by a data delay from CoinMarketCap. The result? A trading frenzy that spiraled into chaos!

But here’s where things get interesting:
🔹 Binance acted fast, fixed the error, and issued a public apology.
🔹 To make up for the madness, they’re airdropping 135 million $PENGU tokens to affected traders between 14:00 and 14:37 on December 17th.

This isn’t just a slip—it’s a wake-up call. Binance has promised to overhaul its data reviews and explore alternative sources to avoid future fiascos.

What a day for $PENGU and Binance users! Were you caught in the madness, or are you watching from the sidelines? Share your thoughts below—this is a story we won’t forget anytime soon!
#BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #USJoblessClaimsFall #BinanceAlphaAlert

The market is buzzing with wild claims about $PEPE hitting $1, but let’s keep it real – that’s not happening. False promises are everywhere, and it’s crucial to stay sharp in this volatile space.

Here’s the deal: $PEPE has the potential to drop zeros and deliver solid gains for strategic investors. But chasing the dream of overnight wealth? That’s a one-way ticket to disappointment.

Crypto is a battlefield where smart moves win. Focus on realistic growth, ignore the noise, and stick to a plan. Don’t let the hype blind you to the risks.

What’s your take on $PEPE ? Are you holding or just watching the action unfold? Let’s discuss in the comments!

#BTCNextMove #USUALBullRun #ElSalvadorBTCReserve #BinanceAlphaAlert #MarketCorrectionBuyOrHODL?