Bitcoin Falls in Wake of U.S. Ruling Out New Purchases -- Market Talk

Dow Jones

Aug 18

0818 GMT - Bitcoin falls to a one-and-a-half-week low in the wake of the U.S. Treasury ruling out new purchases of the cryptocurrency for its strategic reserve, FP Markets analyst Aaron Hill says. Treasury Secretary Scott Bessent told Fox Business Thursday the government wouldn't buy additional bitcoins to supplement its existing supply. Speculators have liquidated more than $40 million worth of bitcoin long positions, or bets on it rising, Hill says. Profit-taking by long-term and large bitcoin holders have also contributed to the cryptocurrency's decline along with seasonal August weakness and geopolitical tensions, he says. Moreover, last week's higher-than-expected U.S. wholesale inflation data dampened expectations for aggressive Federal Reserve interest-rate cuts. Bitcoin falls to a low of $15,007, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 18, 2025 04:18 ET (08:18 GMT)

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Treasury Secretary Scott Bessent told Fox Business Thursday the government wouldn't buy additional bitcoins to supplement its existing supply. Speculators have liquidated more than $40 million worth of bitcoin long positions, or bets on it rising, Hill says. Profit-taking by long-term and large bitcoin holders have also contributed to the cryptocurrency's decline along with seasonal August weakness and geopolitical tensions, he says. Moreover, last week's higher-than-expected U.S. wholesale inflation data dampened expectations for aggressive Federal Reserve interest-rate cuts. Bitcoin falls to a low of $15,007, LSEG data show. 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Treasury Secretary Scott Bessent told Fox Business Thursday the government wouldn't buy additional bitcoins to supplement its existing supply. Speculators have liquidated more than $40 million worth of bitcoin long positions, or bets on it rising, Hill says. Profit-taking by long-term and large bitcoin holders have also contributed to the cryptocurrency's decline along with seasonal August weakness and geopolitical tensions, he says. Moreover, last week's higher-than-expected U.S. wholesale inflation data dampened expectations for aggressive Federal Reserve interest-rate cuts. Bitcoin falls to a low of $15,007, LSEG data show. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 18, 2025 04:18 ET (08:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MBT","symbol_name":"微型CME比特币","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2560970329","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560970329","pubTimestamp":1755505080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0818 GMT - Bitcoin falls to a one-and-a-half-week low in the wake of the U.S. Treasury ruling out new purchases of the cryptocurrency for its strategic reserve, FP Markets analyst Aaron Hill says. Treasury Secretary Scott Bessent told Fox Business Thursday the government wouldn't buy additional bitcoins to supplement its existing supply. Speculators have liquidated more than $40 million worth of bitcoin long positions, or bets on it rising, Hill says. Profit-taking by long-term and large bitcoin holders have also contributed to the cryptocurrency's decline along with seasonal August weakness and geopolitical tensions, he says. Moreover, last week's higher-than-expected U.S. wholesale inflation data dampened expectations for aggressive Federal Reserve interest-rate cuts. Bitcoin falls to a low of $15,007, LSEG data show. 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Treasury Secretary Scott Bessent told Fox Business Thursday the government wouldn't buy additional bitcoins to supplement its existing supply. Speculators have liquidated more than $40 million worth of bitcoin long positions, or bets on it rising, Hill says. Profit-taking by long-term and large bitcoin holders have also contributed to the cryptocurrency's decline along with seasonal August weakness and geopolitical tensions, he says. Moreover, last week's higher-than-expected U.S. wholesale inflation data dampened expectations for aggressive Federal Reserve interest-rate cuts. Bitcoin falls to a low of $15,007, LSEG data show. 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