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Recently, Salvadoran officials distributed 6,274 BTC owned by the state worth $698.88 across 14 crypto wallets, explaining this step as an effort to increase security and reduce the risk of theft of all coins using quantum computers. However, analyst Jacob Kindj believes that the country's government transferred bitcoins to several crypto vaults for subsequent sale. If this hypothesis is confirmed, the authorities will be able to invest the proceeds in gold.#BTC

On September 4, the country's central bank announced the purchase of 13,999 ounces of precious metal worth about $50 million. Currently, the state holds 58,105 ounces of gold valued at $207 million. Since the beginning of the year, the XAU rate has increased by 35.55%, and on September 3, the asset price reached a new peak at $3,579. However, the Salvadoran central bank was not afraid to purchase gold at such a high cost and did so for the first time since 1990.

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pepe claim

++

On May #CreatorPad 1, Brandt published a chart showing the dynamics of BTC price changes, where the parabolic slope is depicted in red lines. Peter suggested that between August and September, the value of the cryptocurrency would touch the upper line of the figure, which will range from $125,000 to $150,000.

#Bitcoin❗ Bitcoin rate should update the historical maximum this week

Published 08/11/2025, 11:05
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© Reuters Bitcoin rate should update the historical maximum this week
Bitcoin US Dollar
-2.80%

Happycoin.club - This week, the Bitcoin rate should update the historical maximum, set in July at $123,236.

Over the weekend, bulls began to pump the BTC price again, and it rose to $122,177. Analyst Michael van de Poppe assumed that the coin's value would correct after reaching $120,000, but he was wrong, and the upward trend continued, accordingly, in the near future we will see a new peak in the digital asset rate.

Since 2023, the price of Bitcoin has been fluctuating within an expanding ascending channel, so it can be assumed that after breaking the previous price maximum, the bullish rally will not stop until the cryptocurrency rises in price to the upper line of the figure at around $141,000. In this case, the value of the coin will increase by 16% from the current value.

Ascending channel on the Bitcoin price chart