Bitcoin News Update: El Salvador Continues Bitcoin Purchases Despite $1.7B Crypto Liquidations Amid Divided Market
- Cryptocurrency markets face $1.7B in liquidations as BTC/ETH struggle near critical support levels amid macroeconomic fears and leveraged trading collapses. - El Salvador defies volatility by purchasing 1,098.19 BTC ($101M), boosting its strategic reserves to 7,474.37 BTC ($688M) despite IMF warnings. - U.S. spot Bitcoin ETFs see record $3.79B outflows in November, with BlackRock's IBIT losing $2B amid broader risk-off sentiment and delayed Fed data. - Market analysts split between viewing current BTC le
The crypto market has been shaken by a week of intense volatility, resulting in more than $1.7 billion in liquidations as
El Salvador has ramped up its Bitcoin purchasing efforts during the downturn, acquiring an additional $101 million in
The recent chaos has also affected Ethereum, which dipped below $3,000 for the first time in four months.
Institutional investors are also adjusting their strategies.
The short-term future of the market is still unclear. Some experts consider the current situation a “typical correction” within a larger upward trend
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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