Live Feed

El Salvador Buys 1,090 Bitcoin as IMF Pressure Mounts

El Salvador has purchased 1,090 Bitcoin (BTC), increasing its total reserves to nearly 7,500 BTC. This acquisition occurred amidst a significant market downturn, with BTC trading below $90,000. The country continues its daily buying policy of one BTC, which has been a hallmark of its approach, despite warnings from the International Monetary Fund (IMF) against public sector crypto holdings. This decision comes as President Bukele engages with U.S. officials regarding the regulation of digital assets. The purchase adds nearly $100 million to the national bitcoin treasury and reflects the government’s commitment to its bitcoin strategy, even during challenging market conditions.

Source 🔗

Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

Read next