The official Bitcoin wallet, Chivo, will be phased out or sold following the agreement with the IMF, according to the director of the country's Bitcoin office.
🔹 Bitcoin remains a legal currency in El Salvador. 🔹 The country will continue purchasing Bitcoin as a strategic reserve.
📌 This is not financial advice. Always conduct your own research before making investment decisions!
🗣️ Fed Chair Jerome Powell: • We remain focused on our two objectives. The labor market remains resilient. • Economic activity has been expanding steadily. • Inflation is closer to our 2% target. • The labor market continues to be strong. • Improving supply has supported U.S. economic performance. • Today, we lowered the interest rate range and are moving toward a more neutral level. • Risks to achieving our goals are roughly balanced. • We may proceed more cautiously with rate cuts. • We do not have a predetermined path for rates. • Policy is now less restrictive than when rate cuts began. • Policymakers' projections for rates next year are higher, consistent with high inflation. • We believe the risks and uncertainties around inflation remain elevated. Reaching the 2% target could take another year or two.
Fed Chair Powell: A rate hike in 2025 seems unlikely.
🚨 Fed Highlights: • Risks to inflation and employment goals are seen as "broadly balanced," similar to November. • Rate cut decision passed with an 11-1 vote. • Future rate adjustments will depend on upcoming data, evolving outlooks, and risk balance.
According to K33 Research, U.S. Bitcoin ETFs have achieved a groundbreaking milestone with their total assets under management (AUM) hitting $129 billion, surpassing gold ETFs for the first time in history. 🚀💰
This marks a significant moment for the crypto and investment world. Is this the dawn of Bitcoin's dominance in traditional finance?
📌 Disclaimer: This post is not financial advice. Always do your research and assess your risk before investing.