Bitcoin fell sharply on Thursday after US Treasury He explained that he will not add to the planned bitcoin reserves through new purchases.
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Prices increased earlier to an increase in the day near 124,120 dollars, but the merchants saw the opposite gains and the distinctive symbol Retreat To about 118,550 dollars later in the session.
The markets were increasing, and parts of the future encryption market witnessed forced references during the sale.
The treasury excludes new purchases
according to ReportsTreasury Secretary, Scott Bisense Fox Business, told the government that the government would not buy an additional bitcoin for the reserve and that future additions will come from the confiscated assets.
He said, “We will not buy that,” he added, and added that the cabinet “will stop selling” the holdings it already controlled.
BESSENT estimated the current value of the reserve somewhere between $ 15 billion and 20 billion dollars.
Comments depend on a previous step by US President Donald Trump, who issued an executive order asking for neutral budget plans to develop strategic bitcoin holdings.
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Treasury Secretary Payet says that the United States government “will not buy” Bitcoin. pic.twitter.com/vl79p531cp
– Watcher.guru (Watchergaru) August 14, 2025
Market reaction and price fluctuation
Based on reports, the sales process erases a large part of the gains on Thursday. One bitcoin feed showed He falls From about 121.050 dollars to $ 117,201 within an hour, while other data points put the lowest level at 118,460 dollars.
Trading platforms recorded a wave of references estimated at approximately $ 450 million at the same time.
The merchants said that the sudden shift was clearly driven in politics – investors were stealing a possible government re -purchase program to previous optimism, and this expectation faded after Bessent’s comments.
“We will not buy,” said US Treasury Secretary Scott Beesen in an interview with Fox. He also stated that the value of bitcoin reserves ranges between 15 billion dollars to $ 20 billion, and that …
– Wu Blockchain (Wublockchain) August 14, 2025
Total economics signals and customs tariff revenues
Reports also revealed that BESSENT linked some of the public dead plans to rise in customs tariff groups, saying that July brought nearly $ 30 billion in customs tariff revenues.
BESSENT suggested that annual tariff receipts can lead a former projection of $ 300 billion, a number he said could help finance other asset strategies.
The timing of his comments also came as US data showed that the producers’ price index increased by 3.3 % on an annual basis and 0.9 % based on the month for the month of July, and numbers adding to the broader economic investors monitored by investors.
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The confiscation of assets against direct purchases
The treasury minister notes that the confiscated assets will be used for reserve development transforms the financing model away from the purchase of direct treasury.
Currently, this means that any other reserve increase will be gradual and depend on the restoration of law enforcement instead of market purchases.
Market participants said that Stance removes a clearly predictable buyer from the market, which can make price fluctuations larger on short windows – exactly what traders saw on Thursday.
Distinctive image from Unsplash, tradingvief chart
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