US Treasury Secretary Scott Bessent caused market jitters yesterday. And all it took was for him to imply that the government is ruling $BTC purchases for the strategic Bitcoin Reserve. Within just 40 minutes, his comment erased an eye-watering $55B from $BTC’s market cap.
Still, he quickly debunked such a claim, which eased some of the market’s panic.
With renewed confidence in the Web3 arena, now could be a great time to invest in the next crypto to explode .
Bessent Caused $BTC’s $124K ATH to Nosedive
$BTC dropped to ~$117K after hitting a new ATH of $124+ yesterday. It’s now showing signs of recovery at $119K.
This tremendous slump came on the heels of Bessent indicating to Fox Business that the government wouldn’t be acquiring additional $BTC .
‘We’ve also started to get in