During the European session, Bitcoin is trading sideways near $20,400, ranging between $20,350 and $20,800. As expected, the buyer-seller tug-of-war continues ahead of the FOMC and Fed Fund rate decision on November 2.
The industry’s leading asset, BTC, has shown resilience recently, bringing back bullish sentiment among crypto investors and analysts.
El Salvador’s Bitcoin Purchases are Confidential: Trustee
BANDESAL, El Salvador’s development bank, set up a $150 million trust fund to ensure the convertibility of the local currency to US dollars for use by consumers and businesses.
Since Bitcoin became legal cash in El Salvador, President Nayib Bukele has made frequent Twitter announcements about the country’s BTC purchases. However, the non-governmental anti-corruption bureau ALAC El Salvador was recently refused access to data from the state development bank BANDESAL regarding Bitcoin transactions in El Salvador.
El Salvador’s development bank, BANDESAL, set up a trust fund with $150 million to ensure the…
