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El Salvador Bitcoin
Bitcoin price prediction: BTC faces critical resistance at $78,000 as ETF outflows mount
Coinjournal.net·19d ago·bullish
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Bitcoin ETFs posted $1.25 billion in weekly net outflows. BTC must clear $78,152 to sustain bullish momentum. Strategy paused Bitcoin purchases despite holding 843,738 BTC. Bitcoin (BTC) continued to trade near the $77,000 level on Monday amid growing institu…
<ul><li>Bitcoin ETFs posted $1.25 billion in weekly net outflows.</li><li>BTC must clear $78,152 to sustain bullish momentum.</li><li>Strategy paused Bitcoin purchases despite holding 843,738 BTC.</l… [+4368 chars]
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Published
May 25, 2026, 09:16 AM
Author
Charles Thuo
Source
Coinjournal.net
Frequently asked · El Salvador Bitcoin
Is Bitcoin still legal tender in El Salvador?
While El Salvador made Bitcoin legal tender in 2021, reports indicate the country repealed its mandate requiring businesses to accept it in early 2025.
Did the average Salvadoran adopt Bitcoin for daily use?
No, studies show that most citizens who downloaded the government's Chivo wallet stopped using it after receiving their initial $30 bonus, and only a small fraction of the population uses Bitcoin for regular payments.
What is the status of the government's Bitcoin investment?
As of late 2024, the government's reported Bitcoin investment has reached over $600 million in value, though these remain unrealized gains until the assets are sold.