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  • El Salvador’s president says the country “won’t stop” buying Bitcoin

    El Salvador’s president says the country “won’t stop” buying Bitcoin

    • Nayib Bukele’s comments come days after the International Monetary Fund’s (IMF) new request as part of its $1.4 billion loan deal
    • The new request asks that there is “no voluntary accumulation of Bitcoin by the public sector”
    • It also asks that there is a “ceiling of 0” on government Bitcoin purchases

    El Salvador’s president has dismissed the International Monetary Fund’s (IMF) new request, stating that the country “won’t stop” buying Bitcoin.

    In a post on X, Nayib Bukele said:

    ““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.”

    His remarks come days after the IMF issued a new request to El Salvador as part of its $1.4 billion loan deal with the IMF.

    Michael Saylor, Strategy’s CEO, responded by saying: “Bitcoin adoption is unstoppable.”

    El Salvador currently holds 6,101.18 Bitcoin at a value of over $527 million.

    Additional requests

    The new rules as set out in the IMF’s Country Reports 2025, state that there will be “no voluntary accumulation of Bitcoin by the public sector,” adding:

    “Voluntary accumulation of bitcoins includes purchase and mining of Bitcoins and excludes the accumulation of Bitcoins resulting from forfeiture, seizure, apprehension, custody or other form of property or possession by the government arising from law enforcement measures adopted in accordance with Salvadoran law.”

    Additionally, there is a “ceiling of 0” on government Bitcoin purchases.

    Approved bill

    The latest development follows the January approval by El Salvador of a bill to change its Bitcoin law to comply with the IMF’s loan deal.

    Under the plans, El Salvador changed a legal requirement that businesses accept Bitcoin as payment to make it optional instead. The government would also reduce the budget deficit by 3.5% of GDP over three years through spending cuts and tax rises while boosting reserves from $11 billion to $15 billion.

    El Salvador became the first country to accept Bitcoin as legal tender in 2021. Then, it was reported that all businesses must accept Bitcoin. Consequently, the move attracted the attention of the IMF.

    Following El Salvador’s adoption of Bitcoin in 2021, the IMF sent a statement in November 2021 “recommend[ing] narrowing the scope of the Bitcoin law” while “strengthening the regulation and supervision of the new payment system.”

    This was again called for in January 2022, when the IMF advised El Salvador to reconsider making Bitcoin the country’s legal tender. The IMF recently recommended that El Salvador limit the public’s exposure to Bitcoin.

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  • Shiba Memu shines as investor buying power hits 6-month high

    Shiba Memu shines as investor buying power hits 6-month high

    • Shiba Memu presale has hit $3.6 million as more investors buy into AI meme coin.
    • Meanwhile, stablecoin on exchanges is at a 6-month high, led by massive whale deposits.
    • What does spike in exchange buying power means for crypto, Shiba Memu?

    Although the crypto market is still largely in the accumulation phase amid the latest price movement, analysts are pointing to on-chain data to suggest a bull run might not be that far off. That has to do with an uptick in exchange holdings of the stablecoin Tether (USDT), a metric that has historically coincided with fresh opportunities for crypto investors.

    What does this strong bullish flip mean for Shiba Memu, a new crypto project that has raised nearly $3.6 million in its recently launched presale?

    Investor buying power jumps 7%, what it means

    As Bitcoin broke above $28k earlier this week, on-chain data shared by market intelligence platform Santiment pointed to a significant change in investor sentiment. This is down to the amount of Tether on exchanges, which data shows recently hit a six month high. The exchange buying power increased 7% from roughly 17.6% to 24.7%.

    It’s an increase that points to a spike in stablecoin buying power, often an accumulation phase that precedes a fresh entry into the market. A sharp rise in exchange buying power, which takes shape with whales in the forefront, tells the market investors know it’s time to buy the dip.

    “The 10 largest addresses have also upped their $USDT holdings from $7.30B to $9.42B in 3 months,” Santiment wrote on X (formerly Twitter). It’s an outlook that suggests the next market dip could be significant, although that’s when investors seize on the opportunity to buy at discount prices.

    Often, BTC and ETH are top buys when prices crash. XRP and Polygon, two altcoins that are seeing month-high volumes driven by various factors, could be at the top of many investors’ watchlists.  However, as investors have always eyed the next bull market gem – one of the projects attracting most attention in Shiba Memu.

    Shiba Memu – marrying meme with AI

    Shiba Memu is a project that seeks to bring the benefits of artificial intelligence to the meme coin world.

    Dogecoin, Shiba Inu and other leading meme tokens have one feature in common – the inordinate reliance on human marketing effort to feed into the hype that drives traction. Shiba Memu stands out on this aspect among its would-be memesphere competitors. Mainly, it’s the AI-driven project’s leveraging of the new technology to create a marketing powerhouse that doesn’t rely on human effort.

    Apart from that, value for the community will be enhanced by functionality such as staking and interaction with decentralised applications (dApps).

    How does Shiba Memu work?

    Natural language processing, machine learning, predictive analytics and image/video recognition are among trends that define the project’s selling point. AI algorithms will be used to create a self-sustaining marketing machine, feeding on the meme-inspired world to drive adoption for SHMU.

    This will be achieved via a unique AI dashboard that will among other features offer direct interaction between the meme genius and Shiba Memu holders. Feedback and suggestions incorporated from users will give them a chance to earn extra SHMU.

    AI narrative – mainstream adoption is here

    One of the major venture funding developments this week has been the news that artificial intelligence startup Anthropic is looking to raise $2 billion from investors, led by Google. Reported by The Information, the details emerge just days after ecommerce behemoth Amazon.com Inc. said it would invest up to $4 billion in the OpenAI rival.  

    According to the report, Anthropic’s latest funding could see the company valued at $30 billion, a prospect that has ignited interest in AI following the high expectations championed by Microsoft, Nvidia and Palantir among others.

    Elsewhere is the continuing adoption of crypto and blockchain that has investor optimism on the industry’s future at new highs. Shiba Memu’s AI-powered project sits nicely at the intersection of these two technological developments.

    Indeed, interest in this AI-powered meme token has seen its presale attract remarkable investment from around the globe. Currently, that amount stands at $3.6 million and more will likely seek this early-bird opportunity.

    Learn more about Shiba Memu from its whitepaper or by joining the presale here.

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  • Crypto bleeding has most altcoins in buying zone: Santiment

    Crypto bleeding has most altcoins in buying zone: Santiment

    • The MVRV metric suggests most altcoins are underbought and present a buying opportunity.
    • A new leg down could however push some of the tokens into a danger zone.
    • Crypto prices have decline alongside weaknesses stocks.

    The total cryptocurrency market cap is down 1.7% at the time of writing as the broader crypto market battles yet another bout of heavy losses.

    Bitcoin price fell below $21,700 again while Ethereum traded to lows of $1,530 on Thursday, with the leading crypto assets continuing the weakness we highlighted on 8 March. 

    Santiment data signals “time to buy altcoins”

    According to analysts at market intelligence firm Santiment, the “heavy bleeding” witnessed across the crypto market this week has many altcoins flashing buy signals. Many of the altcoins suggest an underbought outlook as traders realize losses, the firm noted in a tweet posted early Thursday.

    One indicator pointing to current price levels as opportune buying zones is the Market Value Realized Value (MVRV) ratio. While prices could still fall, Santiment suggests most altcoins are trending in an opportunity zone where prices are likely to rebound higher.

    Notably though, the market could still see a new leg down, pushing some of the coins into the danger zone.

    “If you have been awaiting the time to buy altcoins when there is blood in the streets, our MVRV model indicates that this time has arrived. Prices can of course still fall further, but this is the most crypto assets have been in opportunity zones since early January” Santiment tweeted.

    As CoinJournal reported earlier this week, the downside followed more negative news around crypto bank Silvergate and this week’s economic commentary from Fed Chair Jerome Powell.

    In particular, the Fed’s hawkish outlook has the market anxious and that was visible as stocks also fell on Wednesday.

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  • Buying Bitcoin now? What this could mean

    Buying Bitcoin now? What this could mean

    • Bitcoin endured a bear market for the whole of 2022

    • Macro-economic factors have been responsible

    • The bearish market could continue as analysts predicts recession in 2023

    There were high hopes as Bitcoin (BTC/USD) surpassed $68,000 at the tail end of 2021. Investors started to bet on $100,000 as the next price level. Renowned investors, including Ark Invest’s Cathie Woods, gave BTC a price target of $500,000. There is no doubt that such levels can be reached as Bitcoin is still very young, and the potential is huge. But does this mean you should be optimistic in 2023?

    Well, it could be too early to judge, but the macro situation demands that we trim the expectations. For a year now, Bitcoin has been bearish, owing to concerns about economic tightening and impending recession concerns. In fact, analysts predict a negative GDP for the US in the first three quarters of 2023. That will mean a more bearish market for Bitcoin and stocks alike.

    But what does buying Bitcoin now mean? At less than $17,000, BTC is a bargain price. You would count yourself a smart investor should a bull market return. But you may be out of money for a while before that happens. That’s because Bitcoin’s bear market is still ongoing, and you could grab some negative pips before you turn a profit. However, as you may have noticed, BTC has been relatively stable above $16,000. Is this the potential bottom?

    BTC initiates a short-term recovery above $16,000

    BTC/USD Chart by TradingView

    Considering the longer-term bear market, BTC has found stability at the $16,000 support zone. From the daily chart outlook, the cryptocurrency has initiated a recovery at this level. It trades on a short-term trendline. The RSI shifted above the 50-midpoint level on the entry of buyers. 

    Will Bitcoin maintain the recovery?

    We consider short-term rises relief rallies since the BTC price has yet to overcome the longer-term slump. Should the current upside continue, BTC could face resistance at $19,000? However, we remain cautious about buying BTC now as the price remains vulnerable to a bear market.

    Where to buy BTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy BTC with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy BTC with Binance today

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  • Shiba Inu (SHIB/USD) whale buying intensifies but does price action show it?

    Shiba Inu (SHIB/USD) whale buying intensifies but does price action show it?

    • Shiba Inu is among the most purchased cryptocurrencies by Ethereum whales

    • The price action is still bearish despite a Shibarium update

    • SHIB could maintain the downtrend if new developments do not come up

    Meme cryptocurrency Shiba Inu (SHIB/USD) is again on Whale’s radar. According to Whalestats, Shiba Inu is among the most bought cryptocurrencies among Ethereum whales. The whale appetite has grown since the start of the year, and there is a reason. 

    A tweet on December 29 by Shiba Inu lead developer Shytoshi Kusama heightened speculations on Shibarium update. Shibarium will be a Layer-2 solution that will expand use cases for the Shiba Inu ecosystem. The update will see new features, including the Shiba Inu metaverse and blockchain games. These are expected to be game changers that will tilt Shiba Inu from its current meme label and make it competitive in Web3. 

    According to Kusama’s tweet, Shibarium could be on course to be launched “very soon.” The developer expressed optimism after meeting “the team from Unification UND about Shibarium.” As you already know, delays on the Shibarium update have been a thorn to SHIB. At the same time, frequent updates about Shibarium have failed to bear fruits in recent times. While the latest update is positive, speculators have expressed caution as the SHIB price remains weak. 

    Shiba Inu maintains a downtrend amid slight recoveries

    SHIB/USD Chart by TradingView

    The daily chart outlook shows SHIB is bearish, with SHIB maintaining a downtrend. The cryptocurrency is on a short term recovery, with the RSI shifting above the midpoint. SHIB is retesting a possible short-term resistance at $0.0000085. The price is already facing some rejection at the level, and a correction is imminent.

    SHIB concluding thoughts

    Shiba Inu is still bearish despite the increased whale accumulation. Potentially, the Shibarium update and whale accumulation are a bull trigger. However, investors would like to see the update happen after delays. As of the moment, investors would be better off watching the developments and buying SHIB on a confirmed bullish reversal.

    Where to buy SHIB

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy SHIB with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy SHIB with Binance today

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  • Dogecoin and Shiba Inu Uptick Hasn’t Stopped Whales From Buying These Coins

    Dogecoin and Shiba Inu Uptick Hasn’t Stopped Whales From Buying These Coins

    The crypto analyst has noted that the number of Dogecoin (DOGE) and the Shiba Inu investors buying Bitgert and Centcex is still growing bigger every day.

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  • Dogecoin and Shiba Inu Holders Buying These Coins Can Expect 10X Increase This Year

    Dogecoin and Shiba Inu Holders Buying These Coins Can Expect 10X Increase This Year

    Good number of Dogecoin and Shiba Inu holders added Bitgert (BRISE) and Centcex (CENX) to their portfolios.

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