Bitcoin Price Dey Fall as Treasury Stop Reserve Purchases
Bitcoin drop from one record-high near $124,000 go down reach around $117,700 afta US Treasury Secretary Scott Bessent yan talk say dem no go buy new one for Strategic Bitcoin Reserve again. Dem go just use only confiscated things worth $15–20 billion, dem stop to sell wetin dem already get. Dis kain change no match how dem talk before wey say dem go use about 198,000 confiscated BTC build reserve wey no go affect budget. E remove one strong buyer and cause forced sales pass $450 million. The July PPI data wey hot pass wetin dem expect (0.9% yearly change) and almost $30 billion for tariff money join extend the selling pressure, cause big crypto sell-off for ETH, XRP, SOL and DOGE. Traders dey warn say less government buyers fit make price dey do wahala and solution for short time.
Bearish
Di Treasury don decide to stop new BTC purchases don remove one major source of consistent demand, e trigger forced liquidations plus quick drop for Bitcoin prices. This plus hotter-than-expect inflation data wey cause wider crypto sell-offs, fit keep near-term feeling negative and increase volatility. For long term, reliance only on seized assets fit limit upside and keep uncertainty about government buying power, e suggest say price momentum go slow unless policy change or new catalysts show face.