Bitcoin (BTC-USD) fell to $67,000 per token on Thursday, falling to its lowest level since 2024 as selling pressure intensified. The token extended losses from the previous session after Treasury Secretary Scott Bessent indicated that the US government will not step in to support the cryptocurrency market. In a heated back and forth during the … Read more
Bitcoin (BTC-USD) fell 2% on Wednesday to around $73,000 per token after Treasury Secretary Scott Bessent suggested that the US government will not bail out the cryptocurrency. In a heated back-and-forth hearing during a House Financial Services Committee hearing, Bessent was asked if the US Treasury had the authority to buy bitcoin or other cryptos. … Read more
On Wednesday, January 7, US Treasury Secretary Scott Bessent addressed a major headwind for the US auto industry — affordability — saying the administration is working on a significant tax cut that could help many buyers. The move is surprising, as President Donald Trump recently called the US affordability crisis a hoax. Still, Bessent’s comments … Read more