El Salvador Expands Reserves with $50 Million Gold Purchase as Bitcoin Accumulation Continues
The Central Reserve Bank of El Salvador (BCR) purchased 9,298 troy ounces of gold, valued at approximately $50 million, to strengthen its international reserves.
The acquisition brings the nation’s total gold holdings to 67,403 ounces, worth roughly $360 million at current market prices.
Despite recent legal amendments making Bitcoin acceptance voluntary to satisfy IMF loan conditions, the government continues its 1 BTC per day accumulation st…
Bitcoin Slumps 5% Amid Market Jitters Over US Regulatory Deadlock
Bitcoin (BTC) dropped approximately 5% within a 24-hour window, hitting a intraday low near $94,000.
The decline coincides with reports of growing deadlock in the U.S. Senate regarding the much-anticipated crypto market structure bill.
Traders point to a “sell-the-news” reaction and cooling spot ETF inflows as primary drivers for the sudden volatility.
Bitcoin faced a sharp correction on Thursday, retreating from recent highs as political an…
JPMorgan Strategist Projects Gold Could Surge to $8,500 on Portfolio Allocation Shift
JPMorgan strategist Nikolaos Panigirtzoglou projects a theoretical gold price of $8,000 to $8,500 if private investor allocations rise from 3% to 4.6%. Gold prices hit a record high near $5,600 per ounce on Jan. 29, 2026, following a 10% surge over just four trading sessions. The rally is driven by central bank demand, geopolitical tensions in the Middle East, and a structural shift where gold replaces the bond portion of balanced portfolios.Gol…