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.
El Salvador Faces IMF Bitcoin Restrictions
El Salvador adopted Bitcoin as legal tender in 2021, drawing
global attention. However, the IMF has consistently expressed concerns about
the policy. The latest report calls for the country to liquidate the fund
created to purchase Bitcoin. The IMF also wants the public sector to halt all
involvement with the cryptocurrency.
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.
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.
El Salvador Faces IMF Bitcoin Restrictions
El Salvador adopted Bitcoin as legal tender in 2021, drawing
global attention. However, the IMF has consistently expressed concerns about
the policy. The latest report calls for the country to liquidate the fund
created to purchase Bitcoin. The IMF also wants the public sector to halt all
involvement with the cryptocurrency.
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.
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.
Maduro’s Arrest Sparks Speculation: Is Venezuela Sitting on a Massive Bitcoin Reserve?
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
