The US Treasury Secretary's decision not to sell BTC attracts follow, and the upward trend of Crypto Assets still exists.

[Chain News] On August 16, news broke that a certain institution released a report indicating that the publication of U.S. PPI data has essentially eliminated the possibility of a 50 basis point rate cut. In the field of Crypto Assets, U.S. Treasury Secretary Becerra stated that there will be no sale of confiscated Bitcoin and expressed commitment to exploring budget-neutral ways to acquire more Bitcoin to expand reserves. Bitcoin has stabilized around $119,000 after falling from a high of $124,000, with risk reversals clearly biased towards put options. Despite the pressure from macro factors, the institution believes that the upward trend in Crypto Assets, which began in April this year, remains intact, whether through payment integration, balance sheet allocation, speculative positions, or the continuously increasing corporate adoption rate, all of which will support the upward momentum.

BTC-2.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
NewDAOdreamervip
· 08-16 21:39
It can still rise, go for it!
View OriginalReply0
ILCollectorvip
· 08-16 12:10
Since we're here, play people for suckers is all we need to do.
View OriginalReply0
RugpullAlertOfficervip
· 08-16 11:49
It's important to save your life first and run.
View OriginalReply0
MevWhisperervip
· 08-16 11:42
pump pump it's that simple~
View OriginalReply0
YieldChaservip
· 08-16 11:30
Hoarding food, right? Why panic?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)