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US Treasury Secretary Bessent announced that the government will not purchase Bitcoin for a strategic reserve, stating instead that it will retain assets seized in crypto-related investigations. This decision comes amid a downturn in the cryptocurrency market.
Bitcoin transaction fees have surged to their highest levels in 2025, coinciding with BTC's challenge of the recent $106,000 price peak. This increase in fees highlights the growing demand for Bitcoin transactions amid fluctuating market conditions.
Bitcoin's recent surge to an all-time high has cooled as traders took profits ahead of the crucial U.S. Consumer Price Index report. The price dropped over 4% to around $117,000, with analysts suggesting that upcoming inflation data could influence Federal Reserve policy and impact market sentiment for cryptocurrencies.