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Tag: Breaking

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...

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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...

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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...

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Moltbot Creator Peter Steinberger Rejects Memecoin Launches, Warns of Impersonation Scams

Peter Steinberger firmly rejects memecoin involvement: The Moltbot creator states he will never launch a token and labels any claiming his ownership as scams. Fake Solana tokens emerge: Impersonation memecoins like $CLAWD surged in value before crashing following his public denial. Harassment damages project: Persistent crypto community outreach hinders development of the open-source AI assistant. Broader industry concern: Case...

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March FOMC Meeting Looms as Potential Catalyst for Crypto Market Pivot

Interest rate expectations for the January meeting suggest a “dovish pause,” keeping the fed funds rate at 3.50%–3.75%. Traders are pricing in a 52% probability of a rate cut at the March 17-18 FOMC meeting, according to prediction market data. Bitcoin remains rangebound near $88,000, with market sentiment stuck in “Fear” territory as participants await Jerome Powell’s 2026 policy guidance. As the Federal...

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