Crypto Liquidations Hit $1 Billion As US Rules Out Bitcoin Buying

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The cryptocurrency market has been delivered a shock after US Treasury Secretary Scott Bessent said the government doesn’t plan to buy Bitcoin. US Government Doesn’t Plan To Buy More Bitcoin For Strategic Reserve In an interview with Fox Business, Bessant has touched on the topic of the Strategic Bitcoin Reserve and has confirmed that the government will not be buying more of the cryptocurrency for it. Instead, he said, the US will build it up using confiscated assets. At current prices, these a...