US Treasury Pauses Bitcoin Buys; BTC Drops Below $115K
The U.S. Treasury’s recent suspension of Bitcoin purchases has sent ripples through cryptocurrency markets. Following the announcement, Bitcoin (BTC) prices fell below $115,000, triggering over $963 million in liquidations and heightened market volatility. This development underscores how U.S. government policy and geopolitical uncertainty can directly influence crypto trading. Analysts point to upcoming diplomatic meetings and global tensions as additional factors driving rapid BTC price swings. Traders are advised to monitor geopolitical events closely and adjust their risk management strategies to navigate sharp fluctuations in Bitcoin value.
Bearish
The U.S. Treasury’s suspension of Bitcoin purchases has triggered an immediate sell-off, driving BTC below key support at $115K and liquidating nearly $1 billion in positions. Similar past events—such as regulatory halts or public statements from major institutions—have routinely led to short-term bearish trends, as traders react to heightened uncertainty and reduced institutional demand. In the near term, volatility is likely to remain elevated as geopolitical developments unfold. Over the longer term, market stability may return if the Treasury resumes acquisitions or clarifies policy intentions, but traders should prepare for possible further downside until clear signals emerge.