#US Won’t Buy More #bitcoin Will This Spark a Price Dip or Fuel the Next Rally?
The US Treasury says it will not buy more Bitcoin for its Strategic Reserve. Instead, it will only add coins seized by law enforcement.
This change removes a big source of expected buying power from the market. After the news, Bitcoin prices dropped below an important level as traders reacted to the loss of government demand.
Some investors see this as short-term bearish, while others believe it reduces selling pressure in the long run. The next move for BTC will depend on whether private and institutional buyers step in.
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