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news-imageFebruary 24, 2025

El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF's $1.4B Loan Pressure

El Salvador, the first country to accept Bitcoin as a legal tender, has paused its BTC purchases, shocking the entire crypto community. Despite the country's commitment to buying one token of the biggest cryptocurrency in the market daily, it has stopped the process amid pressure from the International Monetary Fund (IMF) 's $1.4 billion loan.
Publisher: Coingape
Sentiment: Negative
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cover-imageCrypto Economy
February 24, 2025

Digital Asset Funds Experience $508M Outflow, With Bitcoin Hit the Hardest

TL;DR The outflow from digital asset investment products reached $508 million last week, totaling $924 million over the last two weeks. Bitcoin was the hardest hit asset, with $571 million in outflows, while some investors took short positions. While the U.S. market saw a significant outflow, Europe, especially Germany and Switzerland, experienced significant inflows.

Positive
cover-imageBenzinga
February 24, 2025

Strategy Acquires 20,356 Bitcoin For $1.99 Billion, Boosts 2025 BTC Yield To 6.9%

Strategy Incorporated (NASDAQ:MSTR) announced it acquired 20,356 Bitcoin for approximately $1.99 billion at an average price of $97,514 per Bitcoin (CRYPTO: BTC) between Feb. 18 and Feb. 23, achieving a year-to-date BTC Yield of 6.9%. What Happened: As of Feb. 23, the company holds 499,096 Bitcoin, purchased for an aggregate $33.1 billion at an average price of $66,357 per Bitcoin, according to a Securities and Exchange Commission filing.

Positive
cover-imageCryptoPotato
February 24, 2025

Bitcoin as a Reserve Asset? VanEck Sees $21T Potential!

Asset management company VanEck claiming that the creation of a Bitcoin reserve in the US could offset up to $21 trillion of US national debt by 2049. According to VanEck's analysis, Bitcoin's limited supply and growing institutional adoption position it to become a leading reserve asset that could provide an alternative to traditional assets like gold and fiat currencies.

Positive
cover-imageBitcoin
February 24, 2025

Strategy Nears Half-Million Bitcoin Custody Milestone With New $1.99 Billion Acquisition

On Monday, Michael Saylor, CEO of enterprise analytics firm Strategy (formerly Microstrategy), revealed the company procured 20,356 Bitcoin for $1.99 billion. Michael Saylor's Strategy Adds 20,356 Bitcoin to Portfolio Amid Market Fluctuations The transaction marks Strategy's latest expansion of its cryptocurrency portfolio since its prior $8 billion purchase on Feb. 10.

Positive
cover-imageBenzinga
February 24, 2025

Grok 3 Predicts Bitcoin Dominance In 2025, Projects $180,000 Price Target

Bitcoin (CRYPTO: BTC) is poised to reach $180,000 by the end of 2025, according to a prediction from Grok 3, an AI developed by xAI, driven by growing institutional adoption and potential U.S. strategic reserve status. What Happened: The analysis, prompted by Strategy (NASDAQ:MSTR) executive chairman Michael Saylor's query on X on Sunday about the best crypto asset, positions Bitcoin as the dominant cryptocurrency in a $3.23 trillion market.

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