“The Treasury Secretary’s Late-Thursday Afternoon Tweet Seemingly Contradicted His Statement from Earlier in the Day.”, – WRITE: www.coindesk.com
He Ended The Day, However, by Seemingly ContraDicting Those Remarks, Saying His Department Is “Committed To Exploring Budget-Neutral Pathways to Acquire More Bitcoin To.
The Fresh Buys Wuld be in Addition to Tokens Forfeited to the Government, Which Will Be The “Foundation” of the Reserve, Bessent Said.
US President Donald Trump Signed An Executive Order in March to Create a Strategic Bitcoin Reserve Wich Bessentnt Has Advocated For. Earlier this month, Bo Hines, The Leader of the White House’s Council of Advisors on Digital Assets – Whose Tasks, Among Other Things, Included the SBR – Exited His Position.
Bitcoin
Continued to Trade at About $ 118,000 Late in The US Afternoon Thursday, Down Sharply Since Hitting A New Record High of $ 124,000 Just Hours Earlier.
The Bulk of the Decline Came After A Far Stronger Thanicipated Producer Price Index Report, Who Called Into Question of the Idea Inflation Is Receding ENUBHHHHHHHE.
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The Token’s Reed at $ 0.26 Came Amid A Broad Crypto Pullback, with The Coindesk 20 Index Sliding 4% and Rate-Cut Heps Fading.
- Polygon’s Pol Token Slid 6% to $ 0.24 Thursday After Breaking Key Support, As Surging Us Wholesale Inflation Rattled Risk Assets.
- Trading Volume Spiked to 1.1 Million Units – More Than Triple Its Daily Average – After A Sharp Reject at the $ 0.26 Resistance Level.
- The Coindesk 20 Index Fell 4% Over The Same Period, with Profit-Taking Acceleration Across Major Cryptocurrencies.
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