Bitcoin Price Hits $94,743 as El Salvador, Saylor Go Big

Bitcoin (BTC/USD) is trading at $94,743, rising 1.04% on Monday as bullish sentiment gains momentum. Recent developments—including El Salvador’s continued Bitcoin accumulation, Grayscale’s ETF push, and Michael Saylor hinting at a major new purchase—are reinforcing optimism across the market. Coupled with nearly $3 billion in fresh U.S. Bitcoin ETF inflows last week, Bitcoin appears well-positioned for a breakout. El Salvador Adds Bitcoin Despite IMF Constraints In a development boosting Bitcoin sentiment, El Salvador quietly added seven more Bitcoin worth over $650,000, according to its Bitcoin Office. This move comes despite the nation’s $1.4 billion IMF loan deal, which technically restricts further official BTC purchases. Experts suggest the government may be acquiring Bitcoin indirectly to navigate IMF terms while maintaining its crypto-friendly stance. LATEST: The International Monetary Fund confirms El Salvador adheres to its pledge not to accumulate Bitcoin in its fiscal sector. pic.twitter.com/x7hQQaNaf0 — Cointelegraph (@Cointelegraph) April 27, 2025 Institutional Activity Heats Up: Grayscale and Saylor’s Big Bets Meanwhile, Grayscale is pressing the SEC to allow staking within its Ethereum ETFs, arguing that current restrictions have cost investors $61 million in lost rewards. Though the push focuses on ETH, broader acceptance of crypto financial products would likely spill over positively into Bitcoin, enhancing institutional credibility. Adding to the bullish momentum, Michael Saylor, co-founder of MicroStrategy, hinted at another massive Bitcoin buy —potentially between $1.4 billion and $1.6 billion. Big news in the crypto world! Michael Saylor hints at another major $BTC purchase as whales stack aggressively. With large institutions leading the charge, it looks like Bitcoin’s momentum is building! #Bitcoin #CryptoNews #Mercex #MercexNews — Mercex (@mercex_io) April 27, 2025 MicroStrategy already holds over 538,200 BTC (valued around $50.5 billion). April also saw whale wallets holding over $1 million in Bitcoin surge from 124,000 to 137,600, reflecting aggressive accumulation below $100K. U.S. spot Bitcoin ETFs further reinforced the trend, recording nearly $3 billion in net inflows last week—the second-highest since launch. Bitcoin Technical Outlook: Bulls Target $95,848 Breakout Bitcoin (BTC/USD) is rebounding sharply after defending critical support at $92,863, with the 50 EMA ($93,623) acting as dynamic support. MACD indicators are nearing a bullish crossover, suggesting buyers are regaining control. For beginners, this pattern is called a “trendline defense”—where price respects rising support, often leading to higher moves. If Bitcoin breaks above $95,848, it could clear a path toward $97,569 and possibly $99,420. Conversely, slipping below $93,600 could expose Bitcoin to a retest of $92,863. Trade Setup: Buy breakout: Above $95,848 Targets: $97,569 and $99,420 Support levels: $93,623 and $92,863 Stop-loss: Below $92,800 Patience remains crucial—waiting for a confirmed breakout can help avoid getting caught in false moves. BTC Bull Token Crosses $5M Milestone as 81% Yield Boosts Staking Demand Investor momentum behind BTC Bull Token ($BTCBULL) remains strong, with the Ethereum-based project officially surpassing the $5 million mark in its ongoing presale. As of today, $5.05 million has been raised out of a $5.74 million target, signaling rising urgency among buyers as the next price jump approaches. The current token price stands at $0.00248, offering a limited window before another repricing. High-Yield Staking with Flexible Access BTCBULL continues to set itself apart from typical meme assets by focusing on sustainable utility. The project’s staking program offers an estimated 81% annual yield, complemented by Bitcoin-backed distribution rewards. Crucially, users retain full liquidity with the ability to unstake anytime—no mandatory lockup periods or penalties. Latest Staking Snapshot: Total Tokens Staked: 1,293,025,857 BTCBULL Estimated Annual Yield: 81% APY Unstaking: Available at any time This flexible structure appeals to both yield hunters and investors seeking upside potential without giving up liquidity. Presale Snapshot: Final Stretch Before Repricing With less than $683,000 left before the next price adjustment, BTCBULL’s presale is rapidly entering its final stages at the current rate. Investors are securing positions before the project’s valuation steps higher. Presale Metrics (Updated): Token Price: $0.00248 USDT Raised: $5,058,002.58 out of $5,741,234 target BTCBULL combines an aggressive yield model with meme-token upside, carving out a niche for investors looking for more than just speculative trading. As the remaining funding gap narrows, the next price increase could arrive imminently—rewarding early movers in the process. The post Bitcoin Price Hits $94,743 as El Salvador, Saylor Go Big appeared first on Cryptonews .

Source: cryptonews