The Crypto Market Did Not Like Tres Sec Bessent's talk...
Yesterday the Treasury Secretary of the U.S. said the gov't would not be buying bitcoin. Just holding what it has and whatever may be seized from illegal activity.
And since that moment everything has been red. UGH #crypto
Market sentiment took a hit with Bessent's statement on no Bitcoin purchases. Historically, such policy signals can trigger bearish waves, especially in crypto. Glad he clarified later that budget-neutral options are still on the table #crypto