Bitcoin Plunges Below $70,000 as Treasury Secretary Bessent Rules Out Government Bailout for Crypto
“Bitcoin dropped sharply to under $70,000 per token, marking its lowest level in over a year, following statements from Treasury Secretary Scott Bessent emphasizing that the U.S. government lacks authority to direct banks or use taxpayer funds to support cryptocurrencies during market downturns. The decline reflects broader selling pressure across risk assets, with Bitcoin losing … Read more