by the El Salvadorian government, but by LaGeo, a subsidiary of the state-owned electricity company CEL. El Salvador says this is only a technicality; it’s still a debt of the sovereign.
With all the complications involved and bitcoin’s fragile price, this has been a terrible sales pitch for other nations. The reality is, data suggests nations don't really want anything aside from what they already have: low-yielding but safe Treasury bills, and some gold. Even China, which always threatens to dump its holdings, keeps aNayib Bukele’s plan to create an alternative to state-level financing, bypassing the IMF via bitcoin, isn’t without its merits.
at $46,000, although stronger resistance at the 200-day moving average, which is now at $48,289, could stall the relief rally. The relative strength index on the daily chart is approaching overbought territory, similar to what occurred in October, which preceded a sell-off. This time, however, buyers appear to be targeting a 50% reversal of the four-month-long downtrend, which would yield additional upside toward $50,966.
Momentum signals on the weekly chart have significantly improved, which was previously seen at around the July low of $29,400. Still, momentum remains negative on the monthly chart, which could delay a significant price rally in the short term.2:45 p.m. HKT/SGT: France consumer confidence 9 p.m. HKT/SGT : Speech by New York Federal Reserve President John Williams
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First Mover Americas: Ether Hits 2.5-Month High as Google Search Shows Peak Interest in 'Ethereum Merge'A big push higher in crypto over the weekend has bitcoin back to flat on the year. While ether remains in the red for 2022, anticipation is building over the 'merge.' godbole17 reports in this morning's First Mover Americas. godbole17 Try AltbaseApp today and discover the new way to buy $ALTB Token, Bitcoin, Altcoins and Meme Coins from any smartphone, anywhere in the world. BSC Altcoins BuyAltcoins godbole17 I'm trying to open a restaurant but I can't afford it, it's my and my family's only dream and I don't want this dream to go away. I'm thinking of naming the restaurant I'm planning to open as a coindesk restaurant. With your help the money is 450 thousand dollars and I have 150
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