The post El Salvador Defies IMF Pressure, Buys 6 Bitcoins Amid Market Dip appeared first on Coinpedia Fintech News El Salvador bought 5 more Bitcoins on Sunday, in addition to its usual 1 BTC per day. This purchase follows a previous acquisition of 5 BTC during a market dip. With this new addition, the country’s total Bitcoin holdings have reached 6,111.18 BTC, valued at approximately $504 million. Meanwhile, this latest purchase coincides with Bitcoin’s recent market decline of approximately 12%, with prices hovering around $80,000. President Confirms Commitment To BTC El Salvador’s Bitcoin holdings have grown significantly, from about 5,700 BTC at the start of 2025 to its current total. President Nayib Bukele recently confirmed that the country’s BTC accumulation strategy will continue. In a message to his 7.3 million followers on X, he assured that despite challenges and criticism, El Salvador won’t stop its BTC accumulating strategy now or in the future. “If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,” he noted. “This all stops in April.” “This all stops in June.” “This all stops in December.” No, it’s not stopping. If it didn’t stop when the world ostracized us and most “bitcoiners” abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining https://t.co/9pC0PoY3YQ — Nayib Bukele (@nayibbukele) March 4, 2025 El Salvador Buys BTC Despite IMF Pressure On February 17, the International Monetary Fund (IMF) approved a $1.4 billion loan to El Salvador, with a key condition: the country must scale back its Bitcoin purchases. The loan comes as part of an ongoing effort to stabilize El Salvador’s economy and address fiscal challenges. The IMF has raised concerns about volatility, fiscal risks, and financial stability in its discussions with El Salvador. In response, the country’s Legislative Assembly passed a bill to adjust its Bitcoin strategy, meeting IMF demands. Despite this pressure, El Salvador continues to buy more Bitcoin, and maintains that its dollar-based economy remains stable alongside the Bitcoin implementation. Bitcoin City Airport In Progress El Salvador is constructing the Bitcoin City Airport to connect Bitcoin City to global destinations. In February, work began on the transportation hub, known as Pacific Airport. A recent video released by the country’s press agency shows President Nayib Bukele laying the foundation for the project. This airport is part of El Salvador’s broader plan to develop Bitcoin City as a major cryptocurrency-driven economic hub. The Bitcoin City Airport is a key part of El Salvador’s ambitious plans to create Bitcoin City, a tech-forward hub designed to attract cryptocurrency innovation and investment. The project, first announced in 2021 by President Nayib Bukele, is envisioned as a tax-free zone that would utilize Bitcoin as the primary currency for businesses and residents.
Cardano (ADA) has faced massive volatility and extreme price swings, with panic spreading across the crypto market as altcoins continue to struggle. Over the past few days, ADA has dropped more than 28% since last Thursday, adding to the growing negative sentiment surrounding altcoins. As uncertainty grips the market, investors are closely watching whether Cardano can stabilize or if further downside is ahead. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? Despite the bearish sentiment, key insights suggest that Cardano could be preparing for a recovery rally. Top analyst Ali Martinez shared a technical analysis on X, revealing that ADA’s key support zone lies between $0.80 and $0.66. Holding above this level has been crucial for setting up a market rebound. If ADA can maintain support within this range, it could set the stage for a strong recovery, potentially leading to a renewed push toward higher resistance levels. With fragile market conditions, the coming days will be critical for Cardano’s next move. Traders are watching whether ADA can hold key levels or if continued selling pressure will drive prices lower. A successful defense of support could mark the beginning of a recovery, but failure to hold may signal further downside risk. Cardano Remains Stable: What To Expect? Cardano has been overperforming compared to the broader market over the past week, showing resilience amid ongoing selling pressure. While many altcoins have suffered significant declines, ADA has remained relatively stable, holding key support levels. However, price action is still confined to a range that first began forming in November 2024, preventing a clear breakout in either direction. Related Reading: Cardano Bulls Eye $10 Target – Analyst Reveals Key Levels To Break If bulls can defend the current levels, ADA could soon attempt a push above multi-year highs, potentially leading to a strong recovery rally. Despite its recent stability, analysts remain cautious, noting that prices remain low, and sentiment suggests that many investors are still fearful. The next few weeks will be crucial in determining whether Cardano can sustain its momentum or if further downside is ahead. Martinez’s technical analysis highlights that, when looking at the bigger picture, Cardano’s key support zone lies between $0.80 and $0.66. He noted that holding above this critical range would be essential in determining ADA’s next major move. If ADA remains within this zone and starts to gain momentum, it could set the stage for a significant breakout, fueling a move toward higher resistance levels. With market conditions still uncertain, traders are closely watching whether ADA can maintain its strength or if selling pressure will intensify. If bulls hold key support levels, Cardano could be one of the first altcoins to break out once market conditions stabilize. However, falling below the $0.66 mark would indicate further downside risk, potentially delaying any near-term recovery. ADA Price Action Details Cardano (ADA) is currently trading at $0.74, holding slightly above the 200-day Exponential Moving Average (EMA). This level has become a key support zone, and bulls must defend it to maintain a chance for recovery. If ADA holds above this mark and reclaims the $0.82 level in the coming days, it could signal renewed bullish momentum and set the stage for a push toward the $1 mark. This psychological resistance has historically played a crucial role in ADA’s price action, and flipping it into support would confirm a strong recovery trend. However, failing to hold current levels could expose ADA to massive selling pressure, increasing the risk of further downside moves. A break below the 200-day EMA would likely send ADA into lower demand zones around $0.60, reinforcing bearish sentiment. Related Reading: 330,000 Ethereum Withdrawn From Exchanges In 72 Hours – Supply Squeeze Incoming? With Cardano at a pivotal moment, traders are watching closely to see whether bulls can sustain the current support or if another wave of selling will push prices lower. The next few trading sessions will be critical in determining ADA’s short-term direction and whether it can stage a meaningful recovery. Featured image from Dall-E, chart from TradingView
There is a chance that BTC would bounce higher to collect liquidity around $87k before further losses.
The latest CoinMarketCap data reveals that the Altcoin Season Index has dwindled to 17, marking a significant downturn as altcoins fail to outperform Bitcoin. With the altcoin market cap plummeting
MicroStrategy has announced a new $21 billion stocks for bitcoin program as it continues to suck in tradfi demand.
Strategy , a company known for its heavy investment in Bitcoin , has announced a plan to raise up to $21 billion by selling a special type of stock called "perpetual strike preferred stock." This sale will happen gradually over time, depending on market conditions. The company plans to use the money from these sales for general business expenses and buying more Bitcoin . This type of stock is different from regular company shares because investors can later convert it into Strategy’s common stock. The sale will be carried out under a program called "at-the-market offering," meaning shares will be sold at whatever price the stock is currently trading. This allows the company to adjust sales based on market demand. The plan is outlined in a legal filing with the Securities and Exchange Commission ( SEC ) , the government agency that oversees financial markets. Strategy emphasized that this announcement is not an offer for immediate sale but rather an update on the program. Strategy, also known as MicroStrategy, is a public company that has made Bitcoin its main financial asset . The company uses money from stock sales, debt, and business revenue to buy and hold Bitcoin, believing it is a valuable long-term investment. In addition to its Bitcoin strategy, Strategy also develops artificial intelligence-driven business analytics software. Strategy is being cautious in its communication, noting that there are risks involved in the sale of stock and that the plan could change depending on market conditions. The company warns investors that its plans for selling stock may not go as expected, and external factors could affect the program. By making this move, Strategy aims to strengthen its financial position, increase its Bitcoin holdings, and maintain its leadership in both the crypto and business analytics industries .
Arkham Intelligence, the Blockchain analytics firm, in a bid to restrict the increasing dump and pump instances associated with the memecoins after their respective influencer endorsersments, has unveiled a new tag, Key Opinion Leader (KOL) for crypto influencers with 100K+ followers on X. Announced in a X post on March 8, Arkham’s new KOL feature will allow users and potential investors to track the wallets of biggest KOLs. As per the revelation, influencers with more than 100K+ followers on Twitter/X are now tagged on Arkham with a new label: Key Opinion Leader. This, according to Arkham, will ensure the transparency for traders and investors before they can actually decide to pump in their money in the influencer-backed Memecoins. The KOL addition aims to identify and categorize influential figures in the crypto space based on their on-chain activities. While the move has sparked interest, it has also raised critical questions about privacy, transparency, and the potential impact on crypto influencers. This BrandTalk article will critically analyse the impacts of this new Arkham’s tag for crypto influencers. Stay tuned. What Is the KOL Tag? Arkham’s KOL tag is designed to track the blockchain activities of prominent individuals in the crypto industry, labeling them as Key Opinion Leaders. This feature will allow users to analyze the financial movements, token holdings, and transaction patterns of these figures in real time. The goal, according to Arkham, is to enhance transparency within the industry by providing deeper insights into how influential players manage their digital assets. Currently, this feature includes 950 addresses, with notable figures such as Ethereum co-founder Vitalik Buterin, crypto entrepreneur Justin Sun, and U.S. President Donald Trump among those identified. The feature is expected to benefit retail traders and institutional investors by offering a clearer picture of where crypto influencers place their bets. It will give idea to the investors whether the influencer is actually endorsing the memecoins and is it just a paid-driven retweet without considering any market dynamics. However, it also poses concerns about privacy, data security, and the ethical implications of tracking crypto influencers without their consent. ANNOUNCING THE KEY OPINION LEADER (KOL) LABEL Influencers with more than 100K+ followers on Twitter/X are now tagged on Arkham with a new label: Key Opinion Leader. Track the wallets of biggest KOLs with the link below: pic.twitter.com/xOEfUUxywe — Arkham (@arkham) March 8, 2025 Why KOL Tag is good for Crypto Investors? For crypto investors, the introduction of the KOL tag could serve as a valuable tool. By analyzing the wallets of influential figures, traders may gain insights into potential market movements and investment trends. This can be particularly useful in an industry where social media narratives often drive market sentiment, particularly, in the case of memecoins, for example – the recent Milei-$LIBRA Scandal. Moreover, the feature could help curb market manipulation by exposing the trading behaviors of influencers who may be engaging in pump-and-dump schemes or other deceptive practices. With greater transparency, the crypto community may be able to hold high-profile figures accountable for their market actions. According to the 2024 study by CoinWireZ on influencers-backed Memecoins, 76% of Twitter influencers promote dad Memecoins. It further reveals that only 1% of influencers promoted memecoins that gained 10x while 86% of influencer-promoted memecoins lost 90% of their value in 3 months. It further exposes a disturbing trend: he larger the influencer’s following, the lower the performance of the memecoins they promote. What Arkham’s KOL implies for Crypto Influencers? For legitimate influencers who advocate for responsible investing, the KOL tag could serve as a credibility marker. By having their transactions publicly visible, these individuals may strengthen their reputations as transparent and trustworthy voices in the industry. Despite its potential benefits, Arkham’s KOL tag also presents significant privacy concerns. Critics argue that tracking and labeling individuals without their explicit consent could infringe on their right to financial privacy. Even though blockchain transactions are inherently public, systematically categorizing and exposing influencers’ trading behaviors could lead to security risks and increased scrutiny. Some crypto influencers have already expressed discomfort with the idea, fearing that such visibility could make them targets for hacking attempts, phishing scams, or even personal attacks. Others worry that the feature could be misused, with individuals being wrongly tagged or facing unnecessary reputational risks due to misinterpretations of their financial activity. Furthermore, the feature raises questions about selective transparency. While influencers’ transactions may be easily accessible, large institutional players and anonymous whales often operate through complex layers of wallets and intermediaries, making their activities harder to track. This discrepancy could create an uneven playing field where only a specific subset of market participants face intense scrutiny. Some experts suggest that Arkham should introduce an opt-in mechanism, allowing influencers to voluntarily participate in the program rather than being tagged without consent. Others propose a more nuanced approach where only broad wallet statistics are shared, rather than specific transaction details. The Future of Crypto Influencer Tracking As the crypto industry continues to mature, the balance between transparency and privacy remains a contentious issue. Arkham’s KOL tag is just one example of how blockchain analytics firms are pushing the boundaries of on-chain data usage. While the tool may offer valuable insights for traders and regulators, it also raises fundamental questions about ethics and personal security in an increasingly transparent digital economy. Ultimately, the success or failure of the KOL tag will depend on how the industry responds and whether Arkham can address the valid concerns raised by privacy advocates. As blockchain technology evolves, finding a middle ground between openness and individual rights will be crucial in shaping the future of financial transparency in crypto. The post Arkham Introduces New ‘Key Opinion Leader’ Tag: What it Means for Investors and Crypto Influencers? appeared first on CoinGape .
The crypto market is positioned for potential growth with the emergence of AI-powered cryptocurrencies and AI technology in various industries. Ozak AI is emerging as the first AI-powered cryptocurrency to integrate AI with blockchain technology, revolutionising predictive analytics in DeFi and DApps. Ozak AI is an emerging project that fuses Blockchain technology with AI, aiming to offer AI-driven tools and services. The platform integration of AI positions the project as a potential breakout in the crypto market, with analysts suggesting significant returns to early investors. Ozak AI to Soar 300x AI has been on the forefront of technological innovation and revolution in the financial market, Ozak AI integrates AI with Blockchain to offer real-world utility. Unlike Meme coins or traditional crypto, Ozak AI utilizes AI-predictive agents to analyze historical and recent market data to provide predictive insights to investors and traders. OZ token supports Ozak AI’s ecosystem by facilitating transactions and encouraging participation. Its tokenomics motivate long-term retention and may eventually support price stability and growth. With its emphasis on practical applications, Ozak AI has become a pioneer in the AI blockchain industry The ongoing Ozak AI presale has reached more than 900K in funding. The $OZ token will increase in value from $0.003 to $0.005 in future stages. In anticipation of the upcoming listing price of $0.05, investors are acquiring tokens early, believing that the market is going to grow substantially in the future. Ozak AI Market Outlook The growing demand for AI technology is attracting investors and whales to Ozak AI. As these investors shift their focus to AI-Powered crypto, Ozak AI could potentially surge by an impressive 300x by 2025. The $OZ token is expected to rise to $0.005 before its listing, a gain of up to 5000% from its initial price of $0.001. It is also projected to reach $1 by 2025. Blockchain-powered top AI initiatives are gaining popularity, with Ozak AI noted as a strong investment. The global AI market is projected to exceed $1.8 trillion by 2030, and blockchain-based solutions are expected to capture a significant share. As AI adoption in cryptocurrency grows, Ozak AI is likely to see increased user activity and investment. The 3rd stage of the Ozak AI presale is going on, and the project is already making waves in the crypto community. With an impressive over $900K raised so far, Ozak AI tokens are currently priced at just $0.003 each, with the next stage price set at $0.005. This early-stage opportunity is poised for significant growth, with projections suggesting that the token could reach $1 by 2025. For more visit: Website : https://ozak.ai/ Telegram : https://t.me/OzakAGI Twitter : https://x.com/ozakag The post Ozak AI’s Path to 300x Gains—Why Experts Believe This AI Crypto Could Be the Next Major Breakout appeared first on CoinGape .
Massive amount of meme coins has been torched out of circulation
The cryptocurrency fell to a monthly low after markets were left unimpressed by Friday’s highly anticipated White House Crypto Summit. White House Crypto Summit Fails to Trigger Bitcoin Bull Run The Trump administration’s lackluster White House Crypto Summit was largely ceremonial in nature and appears to have contributed to a precipitous drop in the price