Welcome to Latam Insights Encore, a deep dive into Latin America's most relevant economic and cryptocurrency news from last week. This edition examines the confusing agreement signed by El Salvador and the IMF and how Bukele's actions might jeopardize the disbursement of $1.4 billion for the country.
Metaplanet has doubled down on Bitcoin as it increased holdings to $168 million despite a recent price drop.
Allo, a real-world assets tokenization platform, has secured $100 million in debt financing to bolster its Bitcoin-backed lending business. On Dec.
A Fed-sparked market rout continued in the cryptosphere, denting investors' hopes of a Santa Claus rally as Bitcoin sank further Monday.
A closely followed crypto strategist says Bitcoin (BTC) is forming a bullish pattern similar to what was witnessed earlier this year before sparking massive surges.
Cryptocurrencies fell this weekend and into today, as investors grappled with a potentially more hawkish Federal Reserve, which could lead to fewer rate cuts than hoped for in 2025.
Bitcoin (BTC) has experienced a 7% decline over the past week. While this drawdown is partly due to the broader cryptocurrency market weakness, it is primarily driven by a reduction in buying activity from large investors, commonly referred to as “whales.
Besides holding some coins as part of its business of servicing clients' trading needs, the company has no plans to hold BTC.
Fed's cautious tone tempers post-election euphoria.
The Wall Street Journal (WSJ) has raised alarms over a potential quantum computing threat to Bitcoin (BTC), describing it in a recent article as “a time bomb waiting to explode.
Kalshi users currently see a 70% chance of a Magnificent 7 company buying Bitcoin before the end of 2025.
An analyst has explained how Bitcoin could see a top beyond the $168,500 mark based on the historical trend in this indicator. Bitcoin Mayer Multiple Could Reveal Location Of Next Price Top In a new post on X, analyst Ali Martinez has discussed where the BTC top could lie based on the Mayer Multiple.
Nasdaq-listed business intelligence firm MicroStrategy has announced the acquisition of an additional 5,262 bitcoin at an average price of $106,662 per BTC, with the purchase costing the firm around $561 million in total.
Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner.
Bitcoin could correct roughly 30% based on historical patterns.
Satonomy has launched a beta platform designed to simplify the management of Bitcoin-native assets like UTXOs, Ordinals, Runes, and rare sats to address long-standing barriers to adoption, according to a Dec. 23 statement shared with CryptoSlate.
Cryptocurrency markets are trading lower on a low-volume Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $92,996.64 -3.2% Ethereum (CRYPTO: ETH) $3,313.40 -0.3% Solana (CRYPTO: SOL) $184.82 +0.9% XRP (CRYPTO: XRP) $2.16 -4% Dogecoin (CRYPTO: DOGE) $0.3108 -2.5% Shiba Inu (CRYPTO: SHIB) $0.00002168 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%.
Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days.
Japanese investment firm Metaplanet announced another Bitcoin buy on Monday as the firm accelerates its BTC treasury strategy.
Peter Schiff's "USA coin" proposal challenges Bitcoin's decentralized model, sparking debate over the role of government-backed digital currencies.
On Monday, Bitcoin treasury company MicroStrategy announced that it had spent roughly $561 million to acquire additional Bitcoin as it remains uber-bullish on the world's largest and oldest cryptocurrency. This marks its seventh consecutive week of Bitcoin purchases.
Terawulf Inc., a bitcoin miner and digital infrastructure provider, has signed agreements to deliver over 70 megawatts of data center infrastructure to Core42, a subsidiary of G42 specializing in artificial intelligence (AI) and cloud services.
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin's rally could resume at any moment.
Bitcoin's (CRYPTO: BTC) volatile trading around the $100,000 mark has left investors puzzled about its prospects for the next weeks. What Happened: Jim Bianco of Bianco Research highlighted this phenomenon in a post on X on Sunday by quoting an old Wall Street adage: "Markets will do what confuses the most people.
Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.
Crypto ETFs saw substantial outflows last week while Bitcoin and Ethereum prices dipped, but such products still ended the week in the green.
As we head into Christmas, the crypto sector faces brutal price action—a sharp reversal from the euphoria that marked the start of December.
Bloomberg's chief commodity strategist Mike McGlone in a latest X post has shared why the Bitcoin price has reversed and went way below its recent all time high of $108,268 and has dropped even further to $93,000, at the moment.
Bitcoin (BTC) is fluctuating wildly between $92,500 to $94,000 range over the few hours, touching $92,800 earlier this morning, ahead of the largest bitcoin options expiry in history. Scheduled for this Friday, $14 billion in bitcoin options open interest (OI) is set to expire.
Deribit CEO Luuk Strijers has pointed to $84,000 as the “max pain” level for Bitcoin ahead of a significant December options expiry, suggesting the market could be pulled down to this level before finding new equilibrium. Strijers' analysis highlights the unique dynamics of the upcoming quarterly expiry, which accounts for 44% of all outstanding Bitcoin options, making it the largest options expiry this year.
"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.
MicroStrategy Chairman Michael Saylor announced today that his firm purchased another 5,262 Bitcoin. This buy cost $561 million and continues his plan of steady BTC acquisition.
Mt Gox has triggered another intense speculation after moving close to $50 million worth of Bitcoin.
MicroStrategy Inc (NASDAQ: MSTR) announced another Bitcoin (BTC) purchase on December 23 at an average price of $106,662. This marks an announcement made at a price below the dollar-cost average, signaling a buy at Bitcoin's local top.
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules.
Financial educator Robert Kiyosaki has long expressed skepticism towards the U.S. government and its monetary policies, a sentiment that dates back to 1965.
A crypto analyst has shared a TD Sequential chart indicating that the Bitcoin price is flashing a major buy signal in the 4-hour time frame. This signal suggests that Bitcoin's bearish momentum could be waning, making this a potentially critical moment to consider entering the market.
The cryptocurrency community has been buzzing with speculation that the United Arab Emirates (UAE) is quietly amassing a significant amount of Bitcoin. Reports have surfaced claiming that the UAE holds over $40 billion worth of the world's leading cryptocurrency.
The price of Bitcoin, the leading cryptocurrency by market capitalization, has slipped to an intraday low of $93,054.
TL;DR Avalon Labs raised $10 million in a Series A funding round aimed at expanding its Bitcoin-based DeFi ecosystem and its USDa stablecoin. The platform allows users to use Bitcoin as collateral to obtain USDa, with a fixed loan rate of 8%.
The year 2024 was a landmark year for crypto, with the approval of the Bitcoin spot ETFs in the U.S. and the subsequent introduction of Ethereum ETFs, as well as several cryptocurrencies, including Bitcoin, reaching new record highs.
Bitcoin's value slid early Monday, dipping beneath the $94,000 mark. In the past 24 hours, a combined $271.22 million in crypto positions—both short and long—have been cleared out. Bitcoin Slides Into the Red—South Korea's Premium Returns The leading digital asset, bitcoin (BTC), has dropped 2.1% against the U.S. dollar as of Dec.
Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.
Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.
MicroStrategy, the business intelligence firm whose appetite for Bitcoin (BTC) remains insatiable, recently bought more BTC. The purchase, which cost the firm approximately $561 million for 5,262 BTC, was made at an average price of $106,662 per BTC.
Matador's Board approves adding Bitcoin and USD assets to its treasury, shifting from CAD to safeguard against devaluation risks.
MicroStrategy is in the news again, with the company's latest Bitcoin (BTC) purchase worth over half a billion dollars. With this latest purchase, the company now holds a whopping 444,262 BTC, which they have accumulated at a total cost of approximately $28 billion, with an average purchase price of $62,257 per BTC.