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El Salvador Continues to Buy Bitcoin Despite IMF Agreement

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El Salvador purchased five Bitcoins today, and President Bukele claimed that the country doesn’t plan to stop in the future. However, the government signed an agreement with the IMF mandating that the public sector can no longer voluntarily purchase BTC.

Some community members have speculated that the agreement includes some extension period that the public isn’t aware of. Otherwise, this agreement and the $1.4 billion in associated loans could blow up in everyone’s face.

El Salvador Keeps Buying Bitcoin

Since El Salvador made Bitcoin legal tender in 2021, the Central American nation has become a major BTC holder. However, after years of a combative relationship with international financial institutions, the IMF attempted to soften its anti-Bitcoin policies last October.

El Salvador agreed to amend its laws, but it has continued stockpiling the asset since. Specifically, the IMF’s technical memorandum of understanding includes a clause that prohibits the voluntary accumulation of Bitcoin by the public sector.

Additionally, the agreement restricts the public sector from issuing any debt or tokenized instruments indexed to or denominated in Bitcoin.

However, the El Salvador government continues to purchase 1 BTC per day as part of a long-term strategy to stockpile the asset. Today, it acquired five Bitcoins, further contradicting this directive.

El Salvador Buys Extra Bitcoin
El Salvador Buys Extra Bitcoin. Source: Arkham Intelligence

Samson Mow, an influential community figure, has been following a December agreement between El Salvador and the IMF. Today, the IMF published additional commentary, claiming that El Salvador was neither allowed to purchase nor mine Bitcoin.

“If there is a loophole for continued buying, I didn’t find it in the document. If the plan is to just outright defy the IMF, I don’t think that is good for the additional loans, or to present an image of a serious stable country,” wrote Samson Mow.

However, President Bukele rejected these assertions.

“This all stops in April, this all stops in June, this all stops in December! No, it’s not stopping. If it didn’t stop when the world ostracized us and most ‘bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,” Bukele claimed on X (formerly Twitter).

On one hand, the country has plenty of reasons not to capitulate to the IMF. El Salvador has used Bitcoin to lead broader societal transformations, fostering a domestic community and using ample geothermal energy to create massive mining operations.

Abandoning these efforts would severely curtail the country’s economic independence.

However, where does this aggressive stance leave the IMF agreement? El Salvador allegedly consented to stop buying Bitcoin so it could receive $1.4 billion in loans. What happens to that money or any future trade deals? Is Bukele’s activity prohibited or not?

There are many questions still in the air. It’s possible that the IMF gave El Salvador a few extra months to buy Bitcoin, and Bukele is maintaining his outward bullishness until then.

Yet, these concerns remain unanswered and further regulatory clarification might be needed down the line.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Regains $90,000 Ahead of Key White House Crypto Summit

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Bitcoin (BTC) surged nearly 8% on Wednesday, reclaiming levels above $90,000 after briefly dropping below $80,000 five days ago. This sharp recovery signals renewed bullish momentum as investors react to speculation surrounding Trump’s proposed US crypto reserve plan.

Key technical indicators, such as the DMI and Ichimoku Cloud, suggest that buyers have regained control. Whether BTC can sustain this momentum and push toward $100,000 or face renewed volatility depends largely on upcoming market developments, including the White House Crypto Summit.

Bitcoin DMI Shows Buyers Have Reclaimed Control

Bitcoin’s Directional Movement Index (DMI) shows that the ADX has fallen to 17.5, down significantly from 27.6 just two days ago. A declining ADX indicates weakening trend strength, meaning that the previous downtrend has lost momentum.

At the same time, the +DI has risen to 27.9 from 17.7 yesterday, while the -DI has dropped from 30.5 to 20.5. This shift suggests that bullish momentum is increasing while selling pressure is fading.

Bitcoin is currently attempting to transition from a downtrend to an uptrend, and these movements in the DMI lines indicate that buyers are starting to gain control.

BTC DMI.
BTC DMI. Source: TradingView.

ADX, or the Average Directional Index, measures trend strength rather than direction. Values above 25 typically signal a strong trend, while values below 20 indicate a weak or indecisive market.

With ADX now at 17.5, Bitcoin’s current price action lacks strong trend confirmation, making its next move critical.

However, the rising +DI and falling -DI suggest that bullish pressure is increasing. If ADX starts rising again alongside a widening gap between +DI and -DI in favor of buyers, Bitcoin could establish a new uptrend.

Conversely, if ADX remains low, price action may stay choppy, lacking the strength needed for a decisive breakout.

BTC Ichimoku Cloud Shows a Shift In Momentum

Bitcoin’s Ichimoku Cloud structure suggests a potential shift in momentum as the price moves above key levels. The price has recently broken above the red baseline, indicating growing bullish pressure. However, it is still interacting with the cloud, which represents a zone of uncertainty where trends often get tested.

The green leading span A is beginning to slope upward. In contrast, the orange leading span B remains relatively flat, showing that the cloud ahead is transitioning into a possible support area.

Additionally, the lagging span (green line) is approaching price action from 26 periods ago, suggesting that Bitcoin is determining whether this breakout has enough strength to continue.

BTC Ichimoku Cloud.
BTC Ichimoku Cloud. Source: TradingView.

The Ichimoku Cloud is a dynamic indicator that highlights trend direction, momentum, and key support and resistance zones. A decisive move above the cloud would confirm a stronger bullish trend, allowing Bitcoin to establish a more defined uptrend.

However, if the price fails to hold above the red baseline and re-enters the cloud, it could indicate a period of consolidation or even a retest of lower levels.

The current setup suggests that Bitcoin is at a critical point. Continued momentum could lead to a breakout, but hesitation near the cloud could result in sideways movement before a clearer trend emerges.

How Will Bitcoin React After the White House Crypto Summit?

Bitcoin has reclaimed the $90,000 level as speculation grows over potential special treatment in Trump’s proposed US crypto reserve plan.

This renewed bullish momentum puts BTC in a position to test key resistance at $94,833. A breakout above this level could potentially lead to a rally toward $99,472.

If bullish sentiment continues to build, Bitcoin could surpass $100,000 for the first time since February 3, marking a significant milestone.

The overall trend will depend on whether buying pressure remains strong enough to sustain the current momentum and push past these critical levels.

BTC Price Analysis.
BTC Price Analysis. Source: TradingView.

However, Bitcoin’s recent price action has been highly volatile, with strong swings in both directions over the past few weeks.

Market uncertainty surrounding the upcoming White House Crypto Summit on March 7 adds further risk, as any developments that fall short of investor expectations could trigger a renewed downtrend.

If bearish pressure intensifies, BTC could face a sharp decline, potentially dropping as low as $78,179.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ethereum Up 6%, But Bearish Pressure is Still Strong

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Ethereum (ETH) has gained nearly 6% in the last 24 hours, bringing its price back above $2,200 after briefly dropping near $2,000. This recovery comes as investors anticipate potential market-moving developments from the upcoming White House Crypto Summit.

Key indicators such as the RSI and DMI suggest that Ethereum is at a pivotal point, with bearish momentum weakening but not entirely gone. If bullish pressure continues to build, ETH could break above key resistance levels, potentially aiming for $3,000 in the coming weeks.

Ethereum RSI Is Neutral, But Up From Yesterday

Ethereum’s Relative Strength Index (RSI) is currently at 48.9, reflecting a neutral stance after significant fluctuations in recent days.

Two days ago, RSI reached 67.6, approaching overbought territory, before dropping to 36.1 yesterday, signaling a brief period of stronger selling pressure.

The current RSI level near 50 indicates that Ethereum is neither strongly overbought nor oversold, positioning it at a key inflection point where the next move could define short-term direction.

ETH RSI.
ETH RSI. Source: TradingView.

RSI, or the Relative Strength Index, is a momentum indicator that measures the speed and magnitude of price changes to determine whether an asset is overbought or oversold.

Typically, RSI values above 70 indicate overbought conditions, suggesting a potential pullback, while values below 30 signal oversold conditions, often leading to a bounce. With ETH RSI now at 48.9, it suggests a more balanced market, where neither buyers nor sellers have a clear upper hand.

If RSI starts climbing again, it could indicate renewed bullish momentum, pushing Ethereum toward higher levels. However, if it declines further, it may signal increasing bearish pressure, leading to a potential retest of lower support zones.

Ethereum DMI Shows Sellers Are Still In Control, But The Gap Is Narrowing

Ethereum’s Directional Movement Index (DMI) shows that the ADX is currently at 31.3, maintaining a level around 30 for the last two days. An ADX above 25 typically indicates a strong trend, and with the indicator holding steady above this threshold, it confirms that Ethereum is in a well-defined trend.

At the same time, the +DI has risen to 18.6 from 11.8 yesterday, while the -DI has dropped from 33 to 26.6. This shift suggests that bearish momentum is weakening while bullish pressure is slowly increasing.

However, since the -DI remains above the +DI, Ethereum is still in a downtrend, though signs of potential stabilization or trend reversal are emerging.

ETH DMI.
ETH DMI. Source: TradingView.

ADX, or the Average Directional Index, measures the strength of a trend without indicating its direction. Readings above 25 signal a strong trend, while values below 20 indicate weak or indecisive market conditions.

With ETH’s ADX at 31.3, the current downtrend remains strong, but the narrowing gap between +DI and -DI suggests that selling pressure is losing intensity. If +DI continues rising and overtakes -DI, Ethereum could begin shifting toward a more bullish structure.

However, if DI stays dominant and ADX remains elevated, the downtrend could persist, leading to further declines before any meaningful reversal occurs.

Will Ethereum Break Above $3,000 In March?

Ethereum recently experienced a sharp correction, briefly testing levels around $2,000 before rebounding. If the current downtrend reverses,

ETH could push toward the $2,550 resistance, with a breakout above this level potentially leading to a rally toward $2,855.

ETH Price Analysis.
ETH Price Analysis. Source: TradingView.

A strong uptrend could even propel Ethereum above $3,000 for the first time in over a month, with the possibility of reaching $3,442 if bullish momentum continues.

The strength of this recovery will depend on upcoming events, such as the White House Crypto Summit, with some users concerned about Ethereum’s indirect representation.

However, Ethereum remains at risk of further downside if bearish momentum returns. A renewed sell-off could bring ETH back to the $2,077 support level, and if this zone fails to hold, Ethereum price could drop below $2,000 once again.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Crypto AI Agents Face Bear Market, But DeFAI Brings Hope

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Crypto AI agents are in a tough spot right now, with market caps declining around 60-70% in the past two months. Yet, there is strong potential for sustainable growth. The volatility inherent in crypto can weed out unsuccessful projects while fostering a sense of determination and innovation.

DeFAI remains an intriguing area of investment, and many members of the Ethereum community still foresee strong potential from combining AI and crypto.

Do AI Agents Have a Place in Crypto?

AI agents were touted as the next big thing in Web3 just a few months ago. However, volatility and speculative trading has severely impacted the sector.

Last month, the sector’s market cap fell 65%, and new launches have seen mixed success. Now, some community members are speculating that the whole concept was a fad and that meme coins will subsume all demand.

Case in point, AI agents’ market cap is down 60-70% from the start of 2025.

AI Agents Market Cap
Crypto AI Agents Market Cap. Source: CoinGecko

Despite these bearish figures, not everyone in crypto shares this dismal vision. This industry has always been defined by its volatility and boom and bust cycles.

However, from shock incidents like market collapses to scheduled events like Bitcoin halvings, bear cycles always present an opportunity to weed out nonviable projects. Successful fundamentals win out.

“AI agents are not over. They’re on the path of adoption like the majority of other technological breakthroughs.Initially, people believed every AI project would be worth billions. Now, after months of development and the natural elimination of unsustainable projects, people are more bearish than ever. This is the exact time to lock in for solid projects,” developer DeFi Warhol claimed.

He claimed that AI agents hit a “peak of inflated expectations” in late 2024, which led to widespread disillusionment at the first sign of trouble. However, ambitious developers are still trying to innovate and are determined work will bring new projects to the markets.

Popular AI investor 0xJeff posited that one area looks particularly fruitful for future investment: DeFAI, which merges DeFi with AI.

“The best way to build a highly differentiated AI agent is to tap into existing high-value verticals. One of the best sectors is DeFi—many highly matured sub-sectors offer tons of value with ~$100 billion TVL combined. The easiest way to start isn’t by adding AI—it’s by bringing DeFi to AI agent tokens,” he claimed.

Before the AI agent space hit this bear market, DeFAI was already heralded as a potential growth area. 0xJeff identified a few extant projects that already have high potential, claiming that AI could make complicated DeFi instruments more intelligible to the average user.

This simple integration could be a massive value-add to projects like Pendle or GammaSwap.

DeFi projects in categories like liquid Staking, restaking, yield markets, and stablecoins can benefit from AI agents. Additionally, community members are reporting that the hype isn’t dead yet.

At ETHDenver, the Ethereum community’s biggest conference, AI integration was a key agenda. So, the crypto AI agents bubble might have popped, but real tangible growth is likely just starting.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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