Bitcoin Surges Past $105,000, El Salvador Amends Bitcoin Law

Bitcoin Breaks $105,000: A New Milestone in Crypto History

Bitcoin (BTC) has reached a new milestone, surging past the $105,000 mark for the first time in its history. The world's leading cryptocurrency has been on a remarkable rally, with its price increasing by over 50% in the past month alone. This latest achievement comes as the crypto market continues to gain mainstream acceptance and attract institutional investors.

El Salvador Amends Bitcoin Law

In a significant development, El Salvador has amended its Bitcoin law to end mandatory BTC payments for merchants. The change comes as a result of conditions set by the International Monetary Fund (IMF) for a $1.4 billion loan to improve the country's economy. The move addresses concerns about the asset's volatility and limited understanding of digital assets among the local population.

Bitcoin Won't Be Included in EU Reserve Assets

European Central Bank (ECB) President Christine Lagarde has stated that Bitcoin will not be included in the EU's list of reserve assets. Lagarde dismissed suggestions to add BTC to the country's reserved assets, citing liquidity, security, and the potential for illicit activities as reasons for the exclusion.

USDT to Be Integrated into Bitcoin Lightning

Tether's USDT stablecoin is set to be integrated into the Bitcoin Lightning Network. The partnership, announced by Tether CEO Paolo Ardoino and Lightning Labs CEO Elizabeth Stark, will allow merchants accepting BTC over the Lightning Network to add USDT as a payment option using the same infrastructure.

Bitcoin Price Analysis

Bitcoin is currently hovering around $105,000 as markets await a decisive catalyst to influence price action. The cryptocurrency has experienced significant volatility and bearish sentiment in recent weeks but has managed to recover and push beyond its previous all-time high. Analysts suggest that a rally could push BTC beyond $110,000, but the market remains uncertain due to geopolitical tensions and central bank policies.

Stablecoins and ETFs Fuel Another Bitcoin Rally

Stablecoin market cap growth, alongside Bitcoin's price, offers insights into potential liquidity effects on the broader cryptocurrency market. USDT recently saw a