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news-imageDecember 20, 2024

El Salvador Secures $1.4B IMF Loan Amid Bitcoin Strategy Shift

El Salvador has successfully secured a $1.4 billion loan from the International Monetary Fund (IMF), finalizing a deal that had been under negotiation for four years. This loan agreement is part of a 40-month program designed to stabilize the country's economy and improve its fiscal health.
Publisher: The Currency Analytics
Sentiment: Neutral
BTC

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Negative
cover-imageCoinPedia
December 20, 2024

Crypto Crash Alert: Bitcoin Slips Below $96K, Altcoins Tumble

The crypto market took a sudden hit as El Salvador struck a $1.4 billion deal with the IMF. The country agreed to bring some adjustments to its Bitcoin Policy, and this news shook the market. This created waves of bearish momentum causing all major cryptos to plummet while memecoins maintained their course.

Negative
cover-imageBenzinga
December 20, 2024

Gordon Johnson Revives Charlie Munger's Criticism Of Bitcoin As 'Rat Poison,' Calls It 'Worthless' With BTC Falling Below $100,000: 'Purely Speculative Tulip That's In A Bubble'

GLJ Research CEO Gordon Johnson intensified criticism of Bitcoin (CRYPTO: BTC) on Thursday, echoing late Berkshire Hathaway Inc. Vice Chairman Charlie Munger‘s skepticism and targeting major financial institutions for their role in cryptocurrency markets. What Happened: “Bitcoin, as Charlie Munger said, is rat poison,” Johnson wrote on X.

Negative
cover-imageProactive Investors
December 20, 2024

Bitcoin slips below $100,000

Bitcoin (BTC)'s foray into the $100,000-plus zone came to a screeching halt yesterday evening when the world's largest cryptocurrency fell nearly three percentage points against the US dollar. It was the second day of sizable losses following a 5.6% dip on Wednesday.

Neutral
cover-imageNewsBTC
December 20, 2024

As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors

Before yesterday's plunge, Bitcoin recent rally was able to propel the asset to a new all-time high of $108,000, marking another significant milestone in its upward trajectory. However, according to latest analysis, this notable price surge is accompanied by signs of potential market volatility, as long-term holders begin to exhibit selling activity.

Neutral
cover-imageNewsBTC
December 20, 2024

From Wrapped Bitcoin To Justin Sun: Trump's Crypto Platform Executes Major $10 Million Swap

In a notable development for Donald Trump's crypto initiative, World Liberty Financial (WL), has reportedly exchanged approximately $10 million worth of wrapped Bitcoin (WBTC) for tokens associated with project adviser Justin Sun, founder of the TRON blockchain. World Liberty Financial Links With Justin Sun In Major Token Swap According to blockchain data analytics firm Nansen, a digital wallet linked to President-elect's World Liberty Financial swapped its entire holding of 103 cbBTC tokens for WBTC on a Wednesday operation.

Positive
cover-imageBenzinga
December 20, 2024

El Salvador Buys Bitcoin Dip, Scoops $1 Million Worth Of BTC A Day After IMF Urges Scaling Back

El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to oversee all things related to the leading cryptocurrency, the Central American nation upped its daily purchase tally to 11, 10 more than the one Bitcoin per day policy.

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