🤑Earnings of $BTC from El Salvador exceed 300 million dollars🤑

🐋 The unrealized earnings of El Salvador that exceed 300 million dollars from its Bitcoin purchases occurred when BTC broke the price milestone of USD 100,000.

Salvadoran President Nayib Bukele highlighted the country's unrealized gains from its investments in Bitcoin on social media after the cryptocurrency surpassed 100,000 dollars for the first time.

Bukele's latest update shows that the country has spent nearly 270 million dollars on Bitcoin since its initial adoption of the cryptocurrency. The portfolio shows that no Bitcoin has been sold, and unrealized gains now exceed 333 million dollars.

El Salvador was the first country to adopt Bitcoin as legal tender. On September 7, 2021, the country's Bitcoin Law came into effect, officially making BTC a legally recognized currency for financial exchanges within El Salvador. On September 6, the government also purchased its first 200 BTC.

☝️ Since then, El Salvador has continued to acquire Bitcoin. On November 17, 2022, Bukele announced a dollar-cost averaging (DCA) strategy, committing to buy one Bitcoin daily.

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Why the price of Bitcoin has collapsed.

The price of Bitcoin falls to $66,000 in a few hours, which represents a drop of more than 4%.

The lack of new rises, despite the influx of institutional flows, raises questions about the future direction of the Bitcoin market.

https://criptokio.com/noticias/por-que-desplomado-precio-bitcoin/

#BitcoinHalvingEffect #bitcoinhoy $BTC

😱 #FMI suggests El Salvador minimize exposure to Bitcoin! 🚨

On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! 🧐

👉 The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. ⚠️

While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. 🏛️📊

What do you think about this?

#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC

🚀📈 Trading volume of Bitcoin ETF, Coinbase, and MicroStrategy reaches 38 billion dollars

The combined daily trading volume of MicroStrategy shares, Coinbase, and Bitcoin ETFs reached USD 38 billion while Bitcoin surpassed USD 89,000.

The 11% rise of Bitcoin to USD 89,500 on November 11 has propelled the United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR), and Coinbase Global Inc (COIN) to a record USD 38 billion in combined daily trading volume.

The daily record far exceeded the previous high of about USD 25 million, set in March, when Bitcoin BTC surpassed a long-standing price peak, according to Bloomberg Intelligence data cited by Eric Balchunas, a Bloomberg ETF analyst.

"Lifetime records are being set everywhere," Balchunas said. He noted that only BlackRock's iShares Bitcoin Trust (IBIT) recorded a trading volume of USD 4.5 billion.

"This points to a strong week of inflows. It has been a crazy day, it really deserves a name like Volmageddon," he added.

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$BTC