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Strategies & Market Trends : Blockchain and Cryptocurrencies

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From: Savant	8/19/2025 8:06:52 AM
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“We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up,” Bessent said of the Bitcoin reserve, which he estimated to be worth “somewhere between 15 and 20 billion” at current prices. “We’re going to stop selling that.” Bessent's remarks came as fresh U.S. economic data showed the July Producer Price Index rising 3.3% annually, the highest level since February, and 0.9% month-on-month, the largest increase since June 2022. The data release coincided with a sharp $420 million liquidation across the crypto market, with Bitcoin briefly dropping from an all-time high of $121,193 to $117,550 within an hour, according to TradingView.

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