El Salvador's Bitcoin Bill Raises Issues
International Monetary Fund (IMF) spokesman Gerry Rice said the organization is following developments in El Salvador “closely” ahead of a meeting with the nation’s officials on Thursday. The IMF believes El Salvador’s move to adopt bitcoin as legal tender raises various issues, the spokesperson said. Earlier this week the Central American country became the first in the world to recognize the cryptocurrency as legal tender and mandate its acceptance across all businesses.
Rice said on Thursday that adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and will continue our consultation with authorities.
A supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin on Tuesday.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 95.6% | 2 | $27 033.99 | 2.37% | 1.45% | $527 135 688 529 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 93.6% | 5 | $1 674.14 | 3.44% | 4.93% | $201 291 736 477 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999843 | 0.06% | 0% | $83 263 508 106 |  |
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| 4 |  BNB |
Binance Coin predictions | 94.4% | 4 | $216.11 | 1.54% | 2.33% | $33 247 980 400 |  |
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| 5 |  XRP |
XRP predictions | 92% | 9 | $0.509796 | 2.08% | 0.01% | $27 178 454 547 |  |
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| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000021 | -0.01% | 0.01% | $25 530 849 089 |  |
|
| 7 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 8 |  WTRX |
Wrapped TRON predictions | 85.2% | 24 | $0.088098 | 4.06% | 5.76% | $8 957 448 242 |  |
|
| 9 |  ADA |
Cardano predictions | 91.6% | 6 | $0.251909 | 2.62% | 2.72% | $8 849 175 236 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 90% | 4 | $0.061718 | 1.52% | 0.04% | $8 714 841 543 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 20 | $20.16 | 5.17% | 2.25% | $8 324 940 011 |  |
|
| 12 |  TRX |
TRON predictions | 84% | 22 | $0.088554 | 4.55% | 5.90% | $7 888 492 391 |  |
|
| 13 |  TON |
Toncoin predictions | 60.4% | 84 | $2.22 | 1.57% | -3.82% | $7 623 523 317 |  |
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| 14 |  DAI |
Dai predictions | 95.2% | 1 | $0.999716 | -0.03% | 0.01% | $5 346 368 455 |  |
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| 15 |  DOT |
Polkadot predictions | 90% | 7 | $4.09 | 1.76% | 1.74% | $5 029 573 668 |  |
