JUST IN – Bitcoin Dips Below $119K — Treasury Secretary’s ‘No Buys’ Reverberate Through Markets

Bitcoin fell sharply Thursday after the US Treasury made clear it will not add to a planned Bitcoin reserve through new purchases. Related Reading: Solana Strategy: Nasdaq Firm Taps Arthur Hayes For Advisory Role Prices had earlier rallied to an intraday high near $124,120, but traders saw gains reverse and the token backpedaled to around $118,550 later in the session. Markets were jittery, and parts of the crypto futures market saw forced liquidations during the sell-off. Treasury Rules Out New Buys According to reports, Treasury Secretary Scott Bessent told Fox Business the government will not be buying additional Bitcoin for the reserve and that future additions will come from confiscated assets source: https://www.newsbtc.com/news/bitcoin/just-in-bitcoin-dips-below-119k-treasury-secretarys-no-buys-reverberate-through-markets/