#MarketTurbulence

📉 Bitcoin Decline as the Treasury Department Excludes Purchases

1. U.S. Treasury Secretary Scott Basset confirmed that the government will not buy more Bitcoin to supplement its reserves.

2. The United States will grow its Bitcoin holdings (estimated at $15-20 billion) only through legal seizures.

3. This contrasts with previous statements from Trump officials who indicated they wanted to "acquire as much Bitcoin as possible."

⚠️ Bitcoin's price has shown a clear downward trend following this news:

- Starting from around $123,000

- Dropping to approximately $117,700

- A significant decrease of about 4.5% within just 24 hours.

▶️ It is likely that this announcement has disappointed investors who were hoping that government purchases would drive up the price of Bitcoin.