Bitcoin News: El Salvador Expands Bitcoin Reserves Amid IMF Concerns

El Salvador continues to strengthen its commitment to Bitcoin by adding 11 more BTC to its national reserves, bringing the total to 6,044 BTC. This decision comes despite ongoing concerns from the International Monetary Fund (IMF) and recent agreements for a $1.4 billion loan, which included conditions to scale back certain Bitcoin-related policies. The country remains steadfast in its cryptocurrency adoption, even as it makes concessions such as making Bitcoin acceptance voluntary for businesses.

El Salvador Adds 11 Bitcoin to National Reserves Despite IMF Concerns

El Salvador has purchased an additional 11 Bitcoin, increasing its national reserves to 6,044 BTC. This move comes despite recent agreements with the International Monetary Fund (IMF) for a $1.4 billion loan, which included conditions to reduce certain Bitcoin-related policies. The country has not backed down on its commitment to cryptocurrency, even as it makes concessions such as making Bitcoin acceptance voluntary for the private sector and reducing its involvement in the Chivo wallet.

Daily Market Review: BTC, ETH, MNT, RAY, LDO

Bears are in control of today’s session, as seen from the movement of the global market cap. The total cap stood at $3.54T as of press time, representing a 5.15% decrease over the last 24 hours, while the trading volume also dropped by 28.77% over the same period to stand at $395.05B as of press time. Bitcoin, $BTC, posted a notable decrease in today’s session, as seen from its price movements. Looking at an in-depth analysis, the price is currently trading NEAR the middle Bollinger Band, suggesting indecision in the market. The recent breakout above the upper band has retraced slightly, indicating a potential pause in bullish momentum. Volatility remains high, as shown by the recent green volume bar. Bitcoin traded at $102,983 as of press time, representing a 4.79% decrease over the last 24 hours.

MicroStrategy Acquires 11,000 BTC Equivalent to $1.1 Billion

MicroStrategy, the American development company founded by Michael Saylor, has expanded its Bitcoin holdings by acquiring an additional 11,000 BTC, equivalent to $1.1 billion. This acquisition was revealed in a post on X by Michael Saylor on January 21, 2025. The company's total Bitcoin holdings now amount to 461,000 BTC, valued at approximately $29.3 billion. The average cost per Bitcoin in MicroStrategy's portfolio is $63,610. The recent acquisition was made at an average price of $101,191 per Bitcoin, and the company has achieved a BTC yield of 1.69% year-to-date for 2025.

Bitcoin and Crypto Market Set for Rally as Acting SEC Chair Mark Uyeda Launches Crypto Task Force

The Securities & Exchange Commission (SEC) acting chairman Mark Uyeda announced the creation of a crypto task force on Tuesday, led by Commissioner Hester Peirce. This task force aims to guide the agency toward a more practical regulatory framework for digital assets. The crypto market saw a slight uptick following this announcement, with Bitcoin consolidating below $110,000. The task force is expected to provide a comprehensive regulatory framework, which could lead to increased stability and growth in the crypto market.

Bitcoin Consolidates Below $110,000

The crypto market remained fairly stable as Bitcoin consolidated below $110,000. This stability comes amidst the announcement of the new crypto task force by the SEC, which aims to provide a more practical regulatory framework for digital assets. The market's reaction to this news has been cautiously optimistic, with a slight uptick in Bitcoin's price.