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El Salvador boosts bitcoin reserves to 7,600 BTC amid price dip under $66,000

Market News
03 Jun 2026
Bitcoin
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Neutral
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El Salvador continues to increase its bitcoin holdings, now nearing 7,600 BTC valued at over $510 million, despite bitcoin prices falling below $66,000. The government has maintained a policy of buying about one bitcoin per day since early 2026, viewing market dips as buying opportunities. This accumulation persists even under IMF pressure, which has softened bitcoin's mandatory acceptance in the country. The growing reserve supports El Salvador's broader financial modernization goals and serves as a political statement of confidence in bitcoin, though critics warn of risks to the small economy.

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Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

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Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

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Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

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US to impose 25% tariff on Brazilian ethanol next week, citing unfair trade practices

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The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...

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Alibaba and Baidu shares rise as Apple integrates their AI tools in China

Alibaba and Baidu shares rise as Apple integrates their AI tools in China

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