Bitcoin spikes above $110K after account of Paraguay's president claims BTC legal tender

Paraguayan President Santiago Peña's X account was reportedly hacked on Monday.

A now-deleted post falsely claimed that Paraguay had made Bitcoin a legal tender, backed by a $5 million BTC reserve.

Bitcoin surged over $110,000 following the X post and progress in US-China tariff talks.

Bitcoin (BTC) rose 4% on Monday following a post from Paraguayan President Santiago Peña's hacked X account stating that BTC has been approved as a legal tender in the country. The post was deleted after Presidencia Paraguay flagged the information as false.$BTC $ETH $XRP

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