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🔥🔥El Salvador reaches 6,000 Bitcoin Milestone🚀🚀🚀
El Salvador has reached a significant milestone with its Bitcoin holdings, surpassing 6,000 BTC. This marks another step in the country's ongoing adoption of Bitcoin as legal tender, a move that began in September 2021. President Nayib Bukele has been a key figure in this effort, frequently making Bitcoin purchases for the country's treasury. The government has utilized Bitcoin's volatility to its advantage, buying during market dips to accumulate more.
As of now, El Salvador's Bitcoin holdings are valued at varying amounts depending on market conditions. However, the government's continued investment strategy highlights its belief in Bitcoin's long-term potential, despite criticisms and fluctuations in the crypto market. This 6,000 BTC milestone reflects the country's broader strategy of leveraging blockchain technology and cryptocurrencies to bolster its economy and financial inclusion efforts. #ElSalvador #ElSalvadorBTC #bitcoin $BTC
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As of now, El Salvador's Bitcoin holdings are valued at varying amounts depending on market conditions. However, the government's continued investment strategy highlights its belief in Bitcoin's long-term potential, despite criticisms and fluctuations in the crypto market. This 6,000 BTC milestone reflects the country's broader strategy of leveraging blockchain technology and cryptocurrencies to bolster its economy and financial inclusion efforts. #ElSalvador #ElSalvadorBTC #bitcoin $BTC
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Sherlene Rissman ENbO:
helo
$CVX /USDT Update: Bullish Momentum Continues!🔥💯
The $CVX /USDT pair has confirmed its bullish breakout, steadily rising within the ascending channel. Currently priced at $4.902 (+27.13%), the momentum remains strong, indicating more upside potential.
Next Target Levels:
Immediate Target: $5.20
Extended Target: $5.50
Risk Management:
Stop Loss: $4.60 (below the channel support)
Partial Profit Zone: $5.00 to $5.20
To secure profits, consider taking partials at key levels and trailing your stop loss to lock in gains. Watch for continued volume above the current price for a potential continuation. For safer positioning, ideal entry points remain near the channel's lower boundary.
Trade Smart, Stay Disciplined.
#CVX #Binance #CryptoTrading #ElSalvadorBTC #NASDAQ100
The $CVX /USDT pair has confirmed its bullish breakout, steadily rising within the ascending channel. Currently priced at $4.902 (+27.13%), the momentum remains strong, indicating more upside potential.
Next Target Levels:
Immediate Target: $5.20
Extended Target: $5.50
Risk Management:
Stop Loss: $4.60 (below the channel support)
Partial Profit Zone: $5.00 to $5.20
To secure profits, consider taking partials at key levels and trailing your stop loss to lock in gains. Watch for continued volume above the current price for a potential continuation. For safer positioning, ideal entry points remain near the channel's lower boundary.
Trade Smart, Stay Disciplined.
#CVX #Binance #CryptoTrading #ElSalvadorBTC #NASDAQ100
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El Salvador challenges the IMF and continues its Bitcoin purchases
El Salvador continues to buy Bitcoin despite the agreement with the IMF
Despite having signed an agreement with the International Monetary Fund (IMF) that limits operations with Bitcoin, El Salvador has continued to buy the cryptocurrency. One day after reaching the agreement, the country acquired 11 Bitcoin, increasing its reserve to nearly 6000 BTC.
Key points:
* Disagreement with the IMF: The agreement with the IMF sets limits on Bitcoin operations by the Salvadoran government.
* Continuous purchase: Despite the restrictions, El Salvador continues to buy Bitcoin, even at an accelerated pace according to its authorities.
Despite having signed an agreement with the International Monetary Fund (IMF) that limits operations with Bitcoin, El Salvador has continued to buy the cryptocurrency. One day after reaching the agreement, the country acquired 11 Bitcoin, increasing its reserve to nearly 6000 BTC.
Key points:
* Disagreement with the IMF: The agreement with the IMF sets limits on Bitcoin operations by the Salvadoran government.
* Continuous purchase: Despite the restrictions, El Salvador continues to buy Bitcoin, even at an accelerated pace according to its authorities.
El Salvador’s Bitcoin Gain Passed $333 million
Salvadoran President Nayib Bukele took to social media to draw attention to the nation’s unrealized profits from its Bitcoin following the cryptocurrency’s first-ever $100,000 surge.
The cryptocurrency community celebrated when Bitcoin hit $100,000 for the first time this month. Bukele was asked to share El Salvador’s Bitcoin portfolio.
In response, Bukele posted on X the amount of Bitcoin held by the nation. His most recent report showed the nation has spent almost $270 million on Bitcoin since it first adopted the cryptocurrency.
The unrealized gains totaled over $333 million, and no Bitcoin has been sold. Bitcoin was first accepted as legal tender in El Salvador.
El Salvador had been on a Bitcoin buying spree ever since Bukele committed to purchasing one Bitcoin every day on the 17th of 2022, announcing a dollar-cost averaging (DCA) strategy.
According to the website Nayib Tracker, which tracks the nation’s Bitcoin holdings, El Salvador has 6,180 BTC.
The average price to buy Bitcoin is $44,740, which indicates that the nation has experienced a 122 percent increase in market prices.
El Salvador has reported additional advantages since embracing Bitcoin in addition to BTC profit. The nation’s adoption of Bitcoin increased travel as well.
The International Monetary Fund (IMF) has continuously urged El Salvador to reevaluate its Bitcoin policies, notwithstanding the nation’s alleged success.
The IMF acknowledged the potential for greater financial inclusion but requested that El Salvador cease accepting Bitcoin as legal tender on May 25, 2022, citing threats to financial stability.
El Salvador was once again urged by the IMF to relax its Bitcoin regulations.
Julie Kozack, IMF’s director of communications, suggested reducing the country’s Bitcoin Law’s reach and limiting the public sector’s exposure to the cryptocurrency.
#ElSalvadorCryptoWealth #bitcoin100k #cryptomarket #ElSalvadorBTC #CryptoNews
Salvadoran President Nayib Bukele took to social media to draw attention to the nation’s unrealized profits from its Bitcoin following the cryptocurrency’s first-ever $100,000 surge.
The cryptocurrency community celebrated when Bitcoin hit $100,000 for the first time this month. Bukele was asked to share El Salvador’s Bitcoin portfolio.
In response, Bukele posted on X the amount of Bitcoin held by the nation. His most recent report showed the nation has spent almost $270 million on Bitcoin since it first adopted the cryptocurrency.
The unrealized gains totaled over $333 million, and no Bitcoin has been sold. Bitcoin was first accepted as legal tender in El Salvador.
El Salvador had been on a Bitcoin buying spree ever since Bukele committed to purchasing one Bitcoin every day on the 17th of 2022, announcing a dollar-cost averaging (DCA) strategy.
According to the website Nayib Tracker, which tracks the nation’s Bitcoin holdings, El Salvador has 6,180 BTC.
The average price to buy Bitcoin is $44,740, which indicates that the nation has experienced a 122 percent increase in market prices.
El Salvador has reported additional advantages since embracing Bitcoin in addition to BTC profit. The nation’s adoption of Bitcoin increased travel as well.
The International Monetary Fund (IMF) has continuously urged El Salvador to reevaluate its Bitcoin policies, notwithstanding the nation’s alleged success.
The IMF acknowledged the potential for greater financial inclusion but requested that El Salvador cease accepting Bitcoin as legal tender on May 25, 2022, citing threats to financial stability.
El Salvador was once again urged by the IMF to relax its Bitcoin regulations.
Julie Kozack, IMF’s director of communications, suggested reducing the country’s Bitcoin Law’s reach and limiting the public sector’s exposure to the cryptocurrency.
#ElSalvadorCryptoWealth #bitcoin100k #cryptomarket #ElSalvadorBTC #CryptoNews