Scott Bessent Suggests Government Bitcoin Purchases Remain a Possibility
The Treasury Secretary’s late-Thursday afternoon tweet seemingly contradicted his statement from earlier in the day.
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The Treasury Secretary’s late-Thursday afternoon tweet seemingly contradicted his statement from earlier in the day.
On-chain data shows the realized price has climbed above the 200-week moving average, a historical signal of sustained bull markets.
The yen is no longer the most attractive funding currency, and the currency’s strength may not necessarily lead to broad-based risk aversion, one expert said.
Technical patterns suggest further upside toward $0.27, with $0.25 now acting as support.
BTC hit record highs above $124,000 early today, but the momentum has quickly faded consistent with the pattern seen since mid-July.
The bots simply waited for a high-value wallet — like Coinbase’s fee receiver — to mistakenly grant spending rights to an exposed contract, then executed the drain instantly.
The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 117 million in consecutive hours.
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on Bitcoin accumulation.
Ray Dalio said he likely would have fired the BLS head as well.
The advance occurred alongside a strong day for broader crypto markets.