El Salvador's Ministry of Finance has reported a new addition to its national Bitcoin treasury. According to official data, the government acquired an additional Bitcoin just 31 minutes prior to the announcement. This purchase is part of a broader accumulation trend, with the country adding 8 BTC over the past week and 30 BTC over the last 30 days.
With this latest purchase, El Salvador’s total Bitcoin holdings now stand at 6,190.18 BTC. At current market valuations, this reserve is worth approximately $673 million. This consistent buying activity reflects the country’s ongoing strategy of treating Bitcoin as a strategic national asset.
Global Financial Markets Update
In other financial news, the U.S. dollar experienced significant movement against the Japanese yen. In the first half of 2025, the USD/JPY pair fell by 9%, marking one of its strongest performances in recent years.
June’s U.S. non-farm payroll data came in stronger than expected, indicating resilience in the American economy despite ongoing trade tariff impacts. This robust jobs report has considerably dampened market expectations for a Federal Reserve interest rate cut in July.
In legislative developments, the U.S. House of Representatives passed the revised version of the Big and Beautiful Act, which had been amended by the Senate. It is anticipated that President Trump will sign the bill into law before the July 4 deadline.
These combined factors helped push the 10-year U.S. Treasury yield to 4.35%. U.S. equity markets responded positively, with all three major indices closing higher. The Dow Jones Industrial Average rose 0.77%, while the S&P 500 gained 0.83% to close at 6,279 points. The Nasdaq Composite Index increased by 1.02%, finishing at 20,601 points. Both the S&P 500 and Nasdaq reached new all-time highs. The Golden Dragon Index, which tracks Chinese companies listed in the U.S., also saw a rebound, closing up 0.4%.
The Dow Jones Industrial Average (DJIA) recorded solid gains on Thursday, testing its highest levels in five months. This surge followed the release of the Non-Farm Payroll (NFP) report, which showed that seasonally adjusted job creation in June exceeded market forecasts.
Forex and Bitcoin Market Movements
In the foreign exchange market, the British Pound (GBP) rose against the Japanese Yen (JPY) on Thursday. This strength was largely supported by the better-than-expected U.S. NFP data, which improved global risk sentiment and placed pressure on traditional safe-haven currencies.
The cryptocurrency market, particularly Bitcoin, is capturing significant investor attention. Bitcoin broke through the $110,000 mark, sparking a rise in bearish sentiment. However, some analysts believe this could paradoxically fuel a further major price increase.
On Friday, July 4th, Bitcoin (BTC) extended its upward trend, climbing nearly 1% to reach a high of $110,529. At the time of writing, the price had retraced slightly to just below $110,000, trading at around $109,483.
Bitcoin’s current price is now only about $1,000 away from its all-time high of $120,000, a milestone that investors are watching closely. This proximity to a record high is creating a mix of excitement and caution in the market. For those looking to monitor these price movements in real-time, a variety of advanced charting tools are available to provide live data and technical analysis.
Frequently Asked Questions
Why does El Salvador keep buying Bitcoin?
El Salvador has adopted Bitcoin as legal tender and views it as a strategic reserve asset. The government's regular purchases are part of a long-term strategy to diversify its national treasury and reduce reliance on traditional fiat currencies.
What impact did the U.S. jobs report have on markets?
The strong June non-farm payrolls data signaled a healthy U.S. economy, leading to a decrease in the probability of a July interest rate cut by the Fed. This resulted in higher Treasury yields and contributed to gains in the U.S. stock markets.
How close is Bitcoin to its all-time high?
As of the latest data, Bitcoin is approximately $1,000 away from its recorded all-time high of $120,000. This narrow gap has created intense interest and speculation about whether it will break into new price territory. You can explore more strategies for tracking and analyzing such market movements.
What are safe-haven currencies?
Safe-haven currencies, like the Japanese Yen and Swiss Franc, are currencies that investors flock to during times of global economic uncertainty or market volatility. The strong U.S. data improved risk appetite, reducing demand for these safe havens.
What is the significance of the Big and Beautiful Act?
This U.S. legislation covers a wide range of economic and trade policies. Its passage is seen as a significant fiscal policy move that could impact various sectors of the American economy and its international trade relationships.
Is bearish sentiment necessarily bad for Bitcoin's price?
Not always. An increase in bearish sentiment, especially after a strong price rally, can sometimes lead to a healthy market correction or consolidation. Furthermore, mechanisms like short squeezes—where falling prices force traders who bet against the asset to buy it back—can sometimes trigger rapid upward price movements.