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Bitcoin drops below $119K after US Treasury secretary rules out new BTC buys

Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC purchases to fund a Bitcoin reserve.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin drops below $119K after US Treasury secretary rules out new BTC buys

Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC purchases to fund a Bitcoin reserve.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

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