Dear PointPay Family,
This week has been packed with news and events. To help you stay on top of it all, we’ve gathered the top 5 most important and interesting stories. Stay informed with our curated selection!
El Salvador's Bitcoin Investment Reaches $581 Million Value After 3 Years
El Salvador's decision to legalize Bitcoin three years ago has proven to be a successful investment strategy. The nation’s Bitcoin holdings, which now total 5,942 BTC, have seen their value soar to $581 million. This growth reflects the positive outcome of the country’s bold adoption of cryptocurrency as a legal tender, making it a significant player in the global digital asset market.
MicroStrategy’s Record Bitcoin Purchase Boosts Holdings to $37.6 Billion
MicroStrategy has made its largest-ever Bitcoin purchase, acquiring 55,500 BTC for a total of $5.4 billion. This purchase increases the company’s Bitcoin holdings to 386,700 BTC, valued at $37.6 billion. The acquisition, made using proceeds from convertible note offerings and share sales, marks a significant expansion of MicroStrategy's crypto portfolio, reinforcing its long-term commitment to Bitcoin under the leadership of Michael Saylor.
Ethereum Set for New All-Time High as Market Confidence Grows
Ethereum’s price is showing strong upward momentum, with forecasts suggesting it could reach $5,000 by December and potentially surpass $7,000 in a future cycle. The cryptocurrency’s growing market dominance, supported by rising trader interest and increased network activity, signals a promising outlook.
Bitcoin Faces Resistance as Long-Term Holders Cash Out
Bitcoin’s rally towards $100,000 has stalled as long-term holders begin to sell off their holdings. Over 461,000 BTC have been liquidated, leading to a drop below $95,000. This profit-taking has sparked concerns about the strength of the current bull market. Despite ongoing large purchases by firms like MicroStrategy, analysts are advising caution as the market grapples with heightened volatility and shifting capital toward altcoins.
Tether Ends EURT Support Amid Regulatory Changes
Tether has announced the cessation of its euro-pegged stablecoin EURT due to declining demand and tightening regulatory conditions in the European Union. The company has confirmed that it will no longer issue new EURT tokens, and holders are advised to redeem their tokens by November 27, 2025. This decision comes as Tether focuses on other initiatives while awaiting clearer and more stable regulatory frameworks in Europe.
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