Despite the drama, El Salvador buys more Bitcoin. But what is going on? Bitcoin (BTC) just yesterday scared the bulls, hitting $74,500 in a brutal market crash. Major altcoins felt the pain, too. Solana slipped below $100, touching $95.50, and panic grew bigger and bigger. But not everyone ran for the exits. El Salvador seized the moment, buying more BTC during the dip. Retail traders joined in, scooping up coins at discount prices.
After yesterday’s bloodbath, BTC clawed back over 7%, closing at $79,600, above the $76,500 support level. This bounce has sparked hope that the bottom is in. Despite the chaos, BTC’s long-term appeal stays strong, with nations and companies betting on its future.
El Salvador’s Leader Nayib Bukele and BTC: A Steady Commitment
El Salvador’s Bitcoin journey started in 2021 when it became the first country to make BTC legal tender. President Nayib Bukele drives the strategy: buy often, especially when prices drop. The nation now owns 6,137 BTC, worth about $488 million at today’s rate. That’s a hefty chunk for a small country of 6 million. Bukele shrugs off critics like the IMF, who want him to ditch the plan. He aims to turn El Salvador into a crypto powerhouse and protect against economic uncertainty. No other country has gone like this, but Bhutan and the UAE hold modest BTC stashes.
Big firms, like MicroStrategy with its 252,000 BTC, mirror the approach. The dip-buying habit shows BTC’s growing status as a strategic asset. Will it repay long-term? Experts are positive about it.
But why, and what exactly, shook the market so intensely yesterday? The latest market shake-up came with extra drama. On Monday, a fake news post on X from “Hammer Capital” claimed Trump’s team was mulling a 90-day tariff pause. Stocks and BTC jumped, and traders at the NYSE even cheered. The rumor spread fast, boosted by “Walter Bloomberg” and CNBC, but the White House killed it quickly. It turns out it twisted a vague Fox News chat with Kevin Hassett. Markets tanked again, though BTC still closed above its pre-rumor low. The episode showed how fast fake info can rattle things.
BTC’s 7% recovery signals strength. El Salvador’s latest buy proves its faith; retail traders see these dips as golden chances. With countries and companies stacking BTC, its long-term shine isn’t fading.
And, as @JasonAbbruzzese discovered, first tweet of this fake headline came at 10:11 ET from the "Hammer Capital" X account, then repeated at 10:13 by the "Walter Bloomberg" X account. Both accounts claim they got it from Reuters/CNBC, but both tweeted before CNBC broadcast pic.twitter.com/Fy9qmYiYTx
— Robert Mackey (@RobertMackey) April 7, 2025
Earn Rewards While Gaining Bitcoin Exposure – BTC Bull Presale Delivers Both
Countries like El Salvador and giants like MicroStrategy keep stacking BTC, proving its long-term promise. Retail traders want a piece of that action, too. BTC Bull (BTCBULL)lets you join in. This Solana-based presale mixes meme coin fun with real Bitcoin rewards. It’s simple: buy in early and earn BTC as the project hits targets like price goals or community wins.
Over $4 million has rolled in, showing big interest. Built on Solana for fast, cheap transactions, it’s a fresh way to tap into BTC’s growth. Here’s how it works: investors buy in early at a low price, then earn BTC as the project hits targets—like BTC price jumps or community milestones. Over $4,5 million has poured in already, showing serious hype.
Why’s it hot? BTC’s recent dip and rebound play right into BTC Bull’s pitch. As El Salvador buys low, retail traders can too. Except with BTCBULL, you get BTC rewards at the top. The presale’s timing is spot-on, riding the wave of Bitcoin’s recovery from $74,500 to $79,600. Traders love the idea of stacking BTC without buying it outright. Plus, Solana’s tech keeps fees tiny and high speed, making it easy to jump in.
The team behind BTC Bull keeps it simple: grow the community, hit goals, and share BTC. Early buyers snag the best rates, and as BTC climbs, the profits will flow in. Right now, the price is $0.00245 per BTCBULL, but in just one day, the price will increase again for the next phase.
With countries and firms hoarding Bitcoin, BTCBULL offers a retail-friendly slice of that action. It’s a promising pick for 2025’s crypto boom.
EXPLORE: Asset Manager Teucrium To Launch First Leveraged XRP ETF In US
Key Takeaways
- El Salvador, under President Nayib Bukele, consistently buys BTC during price dips, holding 6,137 BTC worth $488 million.
- A false X post about a 90-day tariff pause briefly spiked BTC and stocks, but the White House denial led to a market drop.
- After dipping to $74,500, Bitcoin rebounded over 7%, closing at $79,600, signaling potential stability above the $76,500 support level.
- BTC Bull offers retail traders Bitcoin rewards through a Solana-based presale, raising over $4 million with a community-driven approach.
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