El Salvador must end public Bitcoin involvement by December 2025, including liquidating its fund.
President Bukele has shifted stance, agreeing to IMF terms after resisting Bitcoin Law changes.
A man waving the El Salvador flag; Photo: Pexels
The International Monetary Fund (IMF) has urged El Salvador
to stop accumulating Bitcoin through both purchases and mining, according to a
new Staff Country Report. The recommendation is part of the conditions tied to
the country’s $1.4 billion loan agreement, Forbes reported.
Meanwhile, BTCUSD is hovering near the support level, where
it rebounded earlier today after two bearish days. Traders may closely watch
the price action at this level to assess its next intraday direction.
The report acknowledges El Salvador’s progress in certain
areas, including improved security and a rise in tourism. However, the IMF
highlights ongoing macroeconomic imbalances, fiscal deficits, and substantial
debt. The loan agreement could unlock up to $3.5 billion in additional
financing from organizations like the World Bank and the Inter-American
Development Bank.
Bukele Agrees to IMF Bitcoin Terms
President Nayib Bukele has shifted his stance on the IMF. He
initially dismissed the fund's concerns but later made changes to the Bitcoin
Law and agreed to cease public Bitcoin involvement. The report states that
Bukele's administration aims to address structural economic challenges under
the IMF-supported program.
NEW: 🇸🇻 The IMF demands El Salvador stops buying #Bitcoin as a condition of further funding. They proceed to buy 5 more Bitcoin last night 💪 pic.twitter.com/NMUoLE72sn
El Salvador must fully comply with the IMF’s recommendations
by December 2025. The country is required to disclose all Bitcoin holdings by
the end of March, listing assets managed by public entities such as Chivo, the
Bitcoin Management Agency, and the Lempa River Hydroelectric Power Plant. A
second review of this process is scheduled for June.
BTCUSD Tests Support After Bearish Trend
The BTCUSD H1 chart indicates a bearish trend after the
price was rejected at the 95,000 level. Following the formation of a double
top, the price continued its downward movement until it found support and
bounced at 82,450.
BTCUSD, H1 Chart, Source: TradingView
As of now, the cryptocurrency is trading right at this
critical support level. If the price breaks below this support, followed by a
confirmed breakout, the bearish trend could continue for a while, potentially
driving the price even lower.
On the other hand, if a bullish reversal pattern forms at
the support level, it may attract buyers, leading to upward momentum. This
could push the price back toward the North, reversing the recent bearish trend
and possibly initiating a new bullish phase.
In a bullish “hyperbitcoinization” scenario, the price could
rise to $350,000. A black swan scenario suggests a peak of $500,000. These
projections are based on expectations of increased institutional adoption and
broader blockchain acceptance in global finance. However, DeepSeek AI
highlights the uncertainty and volatility surrounding these forecasts.
The International Monetary Fund (IMF) has urged El Salvador
to stop accumulating Bitcoin through both purchases and mining, according to a
new Staff Country Report. The recommendation is part of the conditions tied to
the country’s $1.4 billion loan agreement, Forbes reported.
Meanwhile, BTCUSD is hovering near the support level, where
it rebounded earlier today after two bearish days. Traders may closely watch
the price action at this level to assess its next intraday direction.
The report acknowledges El Salvador’s progress in certain
areas, including improved security and a rise in tourism. However, the IMF
highlights ongoing macroeconomic imbalances, fiscal deficits, and substantial
debt. The loan agreement could unlock up to $3.5 billion in additional
financing from organizations like the World Bank and the Inter-American
Development Bank.
Bukele Agrees to IMF Bitcoin Terms
President Nayib Bukele has shifted his stance on the IMF. He
initially dismissed the fund's concerns but later made changes to the Bitcoin
Law and agreed to cease public Bitcoin involvement. The report states that
Bukele's administration aims to address structural economic challenges under
the IMF-supported program.
NEW: 🇸🇻 The IMF demands El Salvador stops buying #Bitcoin as a condition of further funding. They proceed to buy 5 more Bitcoin last night 💪 pic.twitter.com/NMUoLE72sn
El Salvador must fully comply with the IMF’s recommendations
by December 2025. The country is required to disclose all Bitcoin holdings by
the end of March, listing assets managed by public entities such as Chivo, the
Bitcoin Management Agency, and the Lempa River Hydroelectric Power Plant. A
second review of this process is scheduled for June.
BTCUSD Tests Support After Bearish Trend
The BTCUSD H1 chart indicates a bearish trend after the
price was rejected at the 95,000 level. Following the formation of a double
top, the price continued its downward movement until it found support and
bounced at 82,450.
BTCUSD, H1 Chart, Source: TradingView
As of now, the cryptocurrency is trading right at this
critical support level. If the price breaks below this support, followed by a
confirmed breakout, the bearish trend could continue for a while, potentially
driving the price even lower.
On the other hand, if a bullish reversal pattern forms at
the support level, it may attract buyers, leading to upward momentum. This
could push the price back toward the North, reversing the recent bearish trend
and possibly initiating a new bullish phase.
In a bullish “hyperbitcoinization” scenario, the price could
rise to $350,000. A black swan scenario suggests a peak of $500,000. These
projections are based on expectations of increased institutional adoption and
broader blockchain acceptance in global finance. However, DeepSeek AI
highlights the uncertainty and volatility surrounding these forecasts.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Will Bitcoin Price Fall Below $50K? BTC Drops to 4-Month Low Near $61,300 in a 13% Three-Day Slide
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
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In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
