El Salvador reached a staff-level agreement with the International Monetary Fund on its extended fund facility that requires the nation to halt new Bitcoin purchases beyond documented private donations.
The deal represents a concession to IMF pressure over financial stability concerns tied to Bitcoin adoption. El Salvador holds approximately 5,700 BTC acquired since 2021. On-chain analysis of the nation's treasury wallet shows no significant outflows or new accumulation in recent months.
Bitcoin trades at $80,931, up 4.5 percent in the last 24 hours. Market reaction suggests the news was priced in — BTC's rally is driven by institutional demand and consistent inflows into spot Bitcoin ETFs, not sovereign accumulation. The approval of U.S. spot Bitcoin ETFs opened institutional capital flows that now dwarf individual country-level buying.
The Crypto Fear & Greed Index sits at 74, signaling "Greed" among participants. The staff-level agreement now proceeds to the IMF Executive Board for final approval, typically taking several weeks.
