El Salvador’s Bitcoin Office has revealed the country’s latest Bitcoin acquisition, adding 11 more coins to its reserves. The purchase, valued at approximately $1,071,422, was made at an average price of $97,402 per coin.
A sudden market downturn saw Bitcoin slipping under the $100,000 threshold on December 18-19. This followed the Federal Reserve’s 25 basis point rate cut announcement and comments from Fed Chair Jerome Powell during a press briefing.
El Salvador and the International Monetary Fund (IMF) have reached an agreement on a $1.4 billion loan package to support the country’s reform agenda.
On December 17, the Bitcoin Policy Institute announced the completion of a draft executive order proposing the inclusion of Bitcoin as part of the United States’ strategic reserve assets. The order could take effect immediately upon being signed by President Donald Trump on his first day in office.
MicroStrategy, the largest corporate holder of Bitcoin, is included in the Nasdaq-100 stock market index, set to take effect on December 23.
A Texas man was sentenced to two years in prison for filing inaccurate tax returns between 2017 and 2019. He reportedly omitted $3.7 million in income from Bitcoin transactions.
Vancouver, Canada, has officially embarked on a journey to become a “Bitcoin-friendly city,” taking a progressive step toward cryptocurrency integration in public finance.
Between December 19 and 20, the crypto market plunged once again. Bitcoin fell below the $93,000 mark, while ETH lost 30% over a few days, declining from $4,100 to nearly $3,100. The last time ETH reached this price was a month ago.
The US Securities and Exchange Commission (SEC) has approved dual Bitcoin-Ethereum crypto index ETFs on Nasdaq from Hashdex and Franklin Templeton.
Bram Kanstein, a Bitcoiner and founder of the Bitcoin financial services provider Onramp, has urged the Dutch government to establish a national Bitcoin reserve.
BlackRock, the world’s largest asset manager, released an educational video about Bitcoin. In the 3-minute video, the company explains the history of money and how Bitcoin works as an asset for transactions and a store of value.
Sarah Knafo, a Member of the European Parliament, called for a strategic Bitcoin reserve in her speech.
Bitcoin mining remains highly lucrative, with profitability on the rise, as noted in JPMorgan’s latest report. The network’s hash rate, an indicator of overall computational power for BTC mining, has grown by 5% since November 2024, pointing to increasing interest and competition in the sector.
December 11 brought news from the US Bureau of Labor Statistics: November’s CPI rose to 2.7%, a 0.1% increase over October’s figure. The data met expectations, and Bitcoin reflected the sentiment with its response.
