Just in – Bitcoin Dips under $ 119K – Money secretary ‘no one buys’ restore markets
The Bitcoin fell on Thursday after the US Treasury made it clear that it would not include the organized Bitcoin Reserve in new purchase.
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The prices had been compiled to the highest intraday near $ 124,120, but merchants noticed Fain and Token conversion back to $ 118,550 later in paragraph.
The markets were a jittery, and the Crypto’s time components see forced release during sales.
Treasurer releases new buys
According to reports, Scott Scott’s secretary told the FOX Business government will not buy some Bitcoins to divert the deleted will appear on the goods taken.
“We will not buy that,” he said, he said it added the treasurer to “stop selling” Holdings already control.
Bessent estimated the current dwelling value in a particular area between $ 15 billion and $ 20 billion.
The comment stands for the previous travel by US President Donald Trump, who issued a great command to request the budget plans – neutrality to grow Bitcoin plans.
Of course in: 🇺🇸 Treasury secretary secretary says the US government “will buy” Bitcoin. Pic.Twitter.com/vl79pp531Cp
– Wander.Guuru (@watcheru) August 14, 2025
Market response and price exchange
Based on reports, sales removes the Chunk of Thursday’s benefits. One of one feed has shown Bitcoin from $ 121,050 to $ 117,201 within an hour, while other data points set low near $ 118,460.
Trading platforms recorded the investigation of cash expaniture measured about $ 450 million at the same time.
Traders say that a sudden conversion is driven by the Clarity Organization – Investors have set prices in the government return system to the first hope, and the expectations of Desent.
The US Treasure secretary SecoT Scott’s secretary bought a conversation with a fox, “we will not buy,” refer to Crypto archives, and will use the goods taken. He also pointed out that the number of Bitcoin zones are $ 15 billion in $ 20 million, and that …
– Wu Blockchain (@Wublockchain) August 14, 2025
MacroConomic Signals and Tax Accounts
Reports also disclosed that the Bessent linked to the sheet for another tax rate, says in July, which brought about $ 30 billion in tax finalities.
Bessent receipts are higher than previous 900 billion speculation, a photo claims to help support other asset strategies.
Duration of his comment and we come as US data showed a producer’s price indicator of 3.3% per annum and 0.9% month-monthing for Backrop investors.
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Goods taken compared to direct purchase
The note of the financial secretary that has been abandoned by those asseted assets will be used to grow the Reserve Shirts model for funding away from the mild treasurer.
In the meantime, that means that other Reserve’s increase will be slightly melted and depends on the legal guidelines contained than market purchases.
Market participants say that the situation removes a clear consumer, visible in the market, which can make the most swimming amounts of short windows – what they see on Thursday.
Picture entered from Unscurcuch, chart from trade transaction
