ManuelRD
--
Bearish
🤯🤯🤯
The Department of the Treasury Ruins BTC Plans.
• Bitcoin is trading at $117,7758(-4.17%), moving away from its all-time high of $124,457 after the Treasury announcement
• The market showed a sharp decline following the policy change
• The total market capitalization of cryptocurrencies is at $2.35T, with a BTC dominance of 57.84%
• Trading volume remains strong at $107B despite growing uncertainty
• Treasury Secretary Bessent confirmed that there will be no more BTC purchases beyond the existing reserves of $15-20B
• Future additions to the reserves will be limited solely to criminal confiscations, ending direct market purchases
• The policy change follows Trump's executive order in March 2025 that designates Bitcoin as a strategic reserve asset
• Rising inflation and uncertainty over tariffs contribute to market volatility
• Miners sold over 2,000 BTC in three days, increasing selling pressure
#BTCBreaksATH
#HotJulyPPI
#CPIWatch
$BTC
$BNB
The Department of the Treasury Ruins BTC Plans.
• Bitcoin is trading at $117,7758(-4.17%), moving away from its all-time high of $124,457 after the Treasury announcement
• The market showed a sharp decline following the policy change
• The total market capitalization of cryptocurrencies is at $2.35T, with a BTC dominance of 57.84%
• Trading volume remains strong at $107B despite growing uncertainty
• Treasury Secretary Bessent confirmed that there will be no more BTC purchases beyond the existing reserves of $15-20B
• Future additions to the reserves will be limited solely to criminal confiscations, ending direct market purchases
• The policy change follows Trump's executive order in March 2025 that designates Bitcoin as a strategic reserve asset
• Rising inflation and uncertainty over tariffs contribute to market volatility
• Miners sold over 2,000 BTC in three days, increasing selling pressure
#BTCBreaksATH
#HotJulyPPI
#CPIWatch
$BTC
$BNB
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