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Jakarta, Pintu News – The price of Bitcoin (BTC) has officially hit a seven-month low, falling to $90,000 or around Rp1,508,580,000 (assuming an exchange rate of $1 = Rp16,762). Despite previously setting a record high above $126,000, BTC has now fallen more than 28%, erasing gains throughout 2025.
However, while the crypto market was haunted by fear, El Salvador took a surprising step: buying $100 million worth of BTC. Here are 5 important facts about the latest Bitcoin price drop and El Salvador’s controversial decision.

Bitcoin lost more than $600 billion in market capitalization in a short period of time. From a peak of over $126,000, BTC is now trading at around $89,500, according to data from a Bitcoinist article.
Analysts cited this as part of a sharp decline in speculative assets, including AI stocks and cryptocurrencies. The Fear and Greed Index also dropped to 11, signaling a market in an “extreme fear” phase .
Also Read: Gold Outperforming Bitcoin? Asset Performance Analysis in 2025

As the majority of investors panicked, President Nayib Bukele announced the largest ever purchase of Bitcoin by the country: 1,090 BTC or about Rp1.67 trillion.
El Salvador’s total holdings now stand at 7,474 BTC, with a current value close to $670 million. They have also consistently bought 1 BTC per day since November 2022, indicating a long-term accumulation strategy.
In contrast to El Salvador, financial institutions have recorded outflows of more than $3 billion from spot Bitcoin ETF products in the past three weeks.
According to Bitcoinist’s analysis, year-end profit-taking and decreased interest from institutions were the main factors for the selling pressure. This reinforced the downward trend and deepened the crypto market correction.

The price drop was also triggered by the flash crash on October 10, which was triggered by the reignition of the US-China trade war under the Donald Trump administration.
Macro conditions, including speculation around the Fed’s interest rate policy, also amplified capital flight from risky assets such as cryptocurrencies. Thin liquidity exacerbates BTC price fluctuations in the short term.
Although this purchase comes amidst a $1.4 billion IMF bailout, President Bukele remains steadfast in his Bitcoin strategy. However, surveys say domestic BTC adoption remains low, with the majority of citizens still choosing the US dollar as a means of transaction.
Bukele calls this strategy a long-term vision to position El Salvador as a pioneer of digital monetary systems. However, the IMF said some purchases may just be wallet consolidations, not new accumulations.
Also Read: 5 Reasons Solana (SOL) was Scooped Up by Institutions Despite Falling 30%: Whale’s Stealth Strategy?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
According to Bitcoinist, prices fell due to year-end profit-taking, institutional outflows, and global geopolitical uncertainty.
El Salvador bought 1,090 BTC worth about $100 million when the price of Bitcoin was below $90,000.
Survey data shows the majority of people still prefer the US dollar as domestic Bitcoin adoption is hampered by volatility and technical limitations.
The IMF banned the purchase of Bitcoin by the public sector, but Bukele still claimed the purchase was legitimate, despite allegations of wallet consolidation.
The market entered a bear market phase, with Bitcoin down 28%, ETF outflows high, and the fear index hitting 11.
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