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Bitcoin falls after US government dismisses new purchases for strategic reserve
US Treasury Secretary Scott Bessent stated that the government does not intend to acquire more bitcoins to compose the strategic reserve. The decision caused the price of BTC to drop and triggered a liquidation of about US$$ 1 billion in leveraged positions.
The reserve, created in March 2025 by President Donald Trump, was formed with BTC seized by the Treasury, at no direct cost to taxpayers. With the government's new position, only the assets already held will be maintained.
The news generated a strong reaction in the market, frustrating expectations of new purchases and highlighting Bitcoin's sensitivity to institutional announcements.
#bitcoin #btc #cryptomarket #cryptocurrencies #altcoins #cryptostrategy #investments #blockchain #binance #trading #cryptanalysis
#HotJulyPPI
US Treasury Secretary Scott Bessent stated that the government does not intend to acquire more bitcoins to compose the strategic reserve. The decision caused the price of BTC to drop and triggered a liquidation of about US$$ 1 billion in leveraged positions.
The reserve, created in March 2025 by President Donald Trump, was formed with BTC seized by the Treasury, at no direct cost to taxpayers. With the government's new position, only the assets already held will be maintained.
The news generated a strong reaction in the market, frustrating expectations of new purchases and highlighting Bitcoin's sensitivity to institutional announcements.
#bitcoin #btc #cryptomarket #cryptocurrencies #altcoins #cryptostrategy #investments #blockchain #binance #trading #cryptanalysis
#HotJulyPPI
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