"El Salvador's Bitcoin Ambitions: From Bonanza to Vault"

Bitcoin experienced a significant drop to $66,800, leading to the liquidation of over $100 million in long positions within 12 hours. El Salvador revealed that it holds a substantial $400 million worth of bitcoin in a cold wallet, surpassing previous estimates. Meanwhile, investment bank Stifel recommended Galaxy Digital as a core holding for equity investors seeking exposure to the digital asset ecosystem, citing its diverse revenue-producing businesses and growth potential.