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US Treasury Confirms Bitcoin Reserve Plan Amid Chart Signal for 17% Price Rise

Avatar photo Sonny S. Watts 21 hours ago

US Treasury Secretary Scott Bessent clarified that his department is still examining budget-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve. His statement came hours after earlier comments suggested otherwise, triggering a market sell-off. In a post on X Thursday, Bessent said: “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to […]

The post US Treasury Confirms Bitcoin Reserve Plan Amid Chart Signal for 17% Price Rise appeared first on CoinChapter.

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.