🚨 Bitcoin Dips Below $119K After U.S. Snubs New BTC Buys 🚨
The U.S. Treasury, led by Scott Bessent, just confirmed they won’t buy any more Bitcoin for the nation’s Strategic Reserve. Instead, they’ll rely only on seized crypto from criminal cases, freezing sales of those assets.
💰 Current U.S. Bitcoin stash: estimated $15B–$20B (could drop to ~$12.5B after Bitfinex creditor repayments).
📉 Market reacted fast — BTC slid under $119K after the news.
🔍 This confirms earlier Galaxy Research predictions that no U.S. BTC purchases would happen in 2025.
TL;DR: Uncle Sam’s stacking strategy? 🏦 Confiscate, don’t accumulate — and the market felt it.
