Gold Rises in El Salvador & Tether’s Reserves
The post Gold Rises in El Salvador & Tether’s Reserves appeared on BitcoinEthereumNews.com.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee and settle in because the global reserve playbook is shifting again. From San Salvador to Zurich, gold quietly reclaims its shine just as Bitcoin (BTC) faces a critical test on the world stage. Crypto News of the Day: El Salvador and Tether Bet on Gold to Balance Bitcoin and Market Volatility El Salvador made its first major gold purchase in 35 years, adding a new layer to its bold financial experiment. The experiment has made headlines worldwide for adopting Bitcoin as a legal tender. The Central Reserve Bank (BCR) announced Thursday that it acquired 13,999 troy ounces of gold, worth roughly $50 million. This boosts its total holdings to 58,105 ounces, valued at about $207 million. Sponsored Sponsored El Banco Central de Reserva informa que ha adquirido 13,999 onzas troy de oro, equivalentes a US$50 millones, como parte de la estrategia de diversificación de sus Reservas Internacionales. pic.twitter.com/UAqUctFuns — Banco Central de Reserva (@bcr_sv) September 4, 2025 The move marks a significant diversification in El Salvador’s reserves. A recent US Crypto News publication indicated how the nation has become synonymous with Bitcoin, with experts advertising El Salvador as Bitcoin’s Statue of Liberty. “The Bitcoin Office’s ‘Bitcoin Historico’ event at the Presidential Palace in November… is a signal to the world that El Salvador is the new Statue of Liberty. The new Shining City on a Hill,” Max Keiser told BeInCrypto. El Salvador currently holds 6,290 BTC, worth more than $706 million. However, the latest move signals to global markets that the nation’s interest goes beyond digital assets. “This acquisition represents a long-term positioning, based on a prudent balance in the composition of the assets that make…
