Bitcoin Holds $94K—$1.6B Saylor Buy & El Salvador Push Fuel Rally

Bitcoin Cryptocurrency

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

April 29, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Bitcoin is currently trading at $94,297, with a 24-hour dip of 0.75%, but the broader picture remains bullish. With a market cap nearing $1.87 trillion, Bitcoin remains the top-ranked cryptocurrency, backed by a circulating supply of 19.85 million BTC out of a 21 million cap.

Despite short-term volatility, the fundamentals continue to support further upside.

Technically, Bitcoin is hovering near key support zones, notably the 50-day EMA at $94,239 and a rising trendline around $93,760.

These levels could form a springboard for a renewed rally toward $95,643 and possibly $96,850, especially if buyers defend these levels.

• Buy zone: Above $94,800
• Stop-loss: Below $93,700
• Targets: $95,643 and $96,850
• Risk note: A break below $93,760 opens downside to $92,825

Momentum indicators like the MACD are cooling but haven’t broken down—suggesting consolidation rather than collapse.

El Salvador Defies IMF as Bitcoin Holdings Grow

El Salvador continues to double down on its Bitcoin bet—quietly acquiring 7 additional BTC, worth $650,000, even as it adheres to its $1.4B loan deal with the IMF, which discourages further accumulation.

According to blockchain expert Anndy Lian, the country is leveraging “non-governmental mechanisms” to keep buying while staying within IMF terms.

This strategy represents a balancing act—integrating Bitcoin into a national financial framework without breaching global obligations.

Why this matters:

• Sovereign BTC adoption strengthens Bitcoin’s credibility
• Signals continued support despite IMF skepticism
• Could inspire other nations eyeing BTC as a strategic reserve asset

Meanwhile, Grayscale is also pushing regulators to allow Ethereum staking for ETFs—highlighting growing demand for crypto-native yield in traditional finance, which could spill over into Bitcoin sentiment.

Saylor and Whales Drive Demand Surge; Bitcoin Supported

Bitcoin whales are back in action. Michael Saylor, co-founder of Strategy, hinted at another massive buy—potentially between $1.4B–$1.6B—just a week after acquiring $555M worth of BTC at an average of $84,785. Strategy now holds 538,200 BTC, valued over $50.5B.

Supporting this surge:

• Whale wallets (holding $1M+ BTC) jumped from 124K to 137.6K in April
• Spot Bitcoin ETFs saw nearly $3B in weekly inflows, second-highest ever
• ETF demand is tightening supply, reinforcing the bullish setup

This broad institutional participation not only boosts confidence but also reduces circulating supply—pushing prices higher over time.

Final Thoughts:

Between sovereign accumulation, institutional inflows, and whale purchases, Bitcoin’s underlying demand remains robust—even during pullbacks. If BTC holds above key support, it may be gearing up for a fresh leg higher. Investors should watch trendline behavior and ETF flows closely for the next move.

BTC Bull Token Crosses $5M Milestone as 80% Yield Fuels Staking Surge

Investor interest in BTC Bull Token ($BTCBULL) remains strong, with $5.1 million raised out of a $5.84 million target. The token is now priced at $0.002485 as the presale rapidly approaches its next price increase.

BTCBULL stands apart from typical meme tokens by offering utility-driven staking rewards. Investors can earn an estimated 80% annual yield while retaining full liquidity—unstaking is available anytime with no penalties.

High-Yield Staking with Flexible Access

BTCBULL continues to set itself apart from typical meme assets by focusing on sustainable utility. The project’s staking program offers an estimated 81% annual yield, complemented by Bitcoin-backed distribution rewards.

Crucially, users retain full liquidity with the ability to unstake anytime—no mandatory lockup periods or penalties.

Latest Staking Snapshot:

• Tokens Staked: 1,304,753,147 BTCBULL
• Annual Yield: 80% APY
• Unstaking: Available at any time

This flexible structure appeals to both yield hunters and investors seeking upside potential without giving up liquidity.

BTCBULL’s flexible, high-yield model offers an attractive entry point for investors seeking strong returns and liquidity as crypto market momentum builds.