Treasury Secretary Scott Bessent Claims He Lacks Authority to Utilize Taxpayer Funds for Bitcoin Purchases
Bessenet's Authority on Bitcoin Purchases: U.S. Treasury Secretary Scott Bessenet stated he lacks the authority to direct U.S. banks or taxpayer funds to purchase Bitcoin or Trump coins, emphasizing that the government will retain seized Bitcoin linked to criminal activities.
Estimates on Stablecoins: Standard Chartered estimated that dollar-backed stablecoins could draw nearly $500 billion in deposits from U.S. banks by the end of 2028, highlighting the growing interest in stable digital currencies.
Bitcoin Market Pressure: Bitcoin has faced significant selling pressure, declining nearly 3% to $73,503, and has dropped over 26% in the past year, reflecting ongoing volatility in the cryptocurrency market.
Disputes Over Stablecoins: A recent White House meeting aimed to resolve ongoing disputes between major U.S. banks and cryptocurrency firms regarding the regulatory framework for stablecoins, with concerns raised about potential financial stability risks associated with incentives for deposits.
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"The Buddy" Boosts Holdings to $4.5 Million with Nearly 200,000 USDC and Expanded Long Position
Whale Activity: A significant transaction involving 19,896 USD Coin (USDC) was made by a large holder, often referred to as a "whale."
Investment Strategy: The whale added the USDC to their existing positions in Ethereum (ETH) and Hyperliquid (HYPE), indicating a strategic investment move.
New Position: In addition to the USDC transaction, the whale opened a new long position in Bitcoin (BTC).
Market Implications: Such activities by large holders can influence market trends and investor sentiment in the cryptocurrency space.
JPMorgan Claims Bitcoin's Long-Term Attractiveness Surpasses Gold as BTC Falls Below $70,000
Market Pressure on Cryptocurrencies: The cryptocurrency market has faced significant pressure due to broader risk asset weaknesses, with Bitcoin dropping 8% to $67,149 and spot gold falling 2.4% to $4,847.71.
Institutional Withdrawals Impacting Bitcoin: Deutche Bank analysts noted that the decline in cryptocurrencies is largely driven by heavy withdrawals from institutional ETFs, which have recorded billions in outflows since October 2025.
Bitcoin's Long-Term Appeal Strengthens: Despite recent declines, Bitcoin's long-term appeal relative to gold has strengthened, driven by gold's recent volatility and a widening divergence between the two assets.
Significant Market Cap Needed for Bitcoin: Analysts suggest that Bitcoin's market cap would need to reach approximately $266,000 to match private-sector investment in gold, estimated at around $8 trillion, although this is considered unrealistic in the near term.
Treasury Secretary Scott Bessent Claims He Lacks Authority to Utilize Taxpayer Funds for Bitcoin Purchases
Bessenet's Authority on Bitcoin Purchases: U.S. Treasury Secretary Scott Bessenet stated he lacks the authority to direct U.S. banks or taxpayer funds to purchase Bitcoin or Trump coins, emphasizing that the government will retain seized Bitcoin linked to criminal activities.
Estimates on Stablecoins: Standard Chartered estimated that dollar-backed stablecoins could draw nearly $500 billion in deposits from U.S. banks by the end of 2028, highlighting the growing interest in stable digital currencies.
Bitcoin Market Pressure: Bitcoin has faced significant selling pressure, declining nearly 3% to $73,503, and has dropped over 26% in the past year, reflecting ongoing volatility in the cryptocurrency market.
Disputes Over Stablecoins: A recent White House meeting aimed to resolve ongoing disputes between major U.S. banks and cryptocurrency firms regarding the regulatory framework for stablecoins, with concerns raised about potential financial stability risks associated with incentives for deposits.
U.S. Crypto Stocks Decline Following 2.7% Drop in Bitcoin
Market Decline: U.S. listed cryptocurrency stocks have experienced a significant drop, reflecting broader market trends.
Bitcoin Performance: Bitcoin has fallen by 2.7%, contributing to the overall decline in cryptocurrency values.
Cleanspark Inc. Generates 573 Bitcoins in January 2026
- Company Overview: CleanSpark, a Bitcoin mining company, has reported its production figures for January 2026.
- Bitcoin Production: The company produced a total of 573 Bitcoin during the month.
Bitcoin Hits Lowest Point Since Trump's Presidency – What’s Behind the Selloff?
Bitcoin ETF Outflows: Bitcoin ETFs experienced nearly $1.5 billion in outflows last week, marking the second consecutive week of significant withdrawals, with retail sentiment shifting to an extremely bearish outlook.
Market Conditions: Analysts warn that markets are entering a data-heavy week with multiple interest rate decisions and major U.S. economic releases scheduled, which could increase short-term volatility.
Bitcoin Price Decline: Bitcoin's price fell 4.1% to $73,353, its lowest level since Donald Trump took office, dropping over $1,000 below previous lows recorded earlier in the year.
Investor Sentiment: Retail sentiment around Bitcoin has shifted dramatically, with some users predicting further declines in price, while others express skepticism about Bitcoin's long-term viability.
"The Buddy" Boosts Holdings to $4.5 Million with Nearly 200,000 USDC and Expanded Long Position
Whale Activity: A significant transaction involving 19,896 USD Coin (USDC) was made by a large holder, often referred to as a "whale."
Investment Strategy: The whale added the USDC to their existing positions in Ethereum (ETH) and Hyperliquid (HYPE), indicating a strategic investment move.
New Position: In addition to the USDC transaction, the whale opened a new long position in Bitcoin (BTC).
Market Implications: Such activities by large holders can influence market trends and investor sentiment in the cryptocurrency space.
JPMorgan Claims Bitcoin's Long-Term Attractiveness Surpasses Gold as BTC Falls Below $70,000
Market Pressure on Cryptocurrencies: The cryptocurrency market has faced significant pressure due to broader risk asset weaknesses, with Bitcoin dropping 8% to $67,149 and spot gold falling 2.4% to $4,847.71.
Institutional Withdrawals Impacting Bitcoin: Deutche Bank analysts noted that the decline in cryptocurrencies is largely driven by heavy withdrawals from institutional ETFs, which have recorded billions in outflows since October 2025.
Bitcoin's Long-Term Appeal Strengthens: Despite recent declines, Bitcoin's long-term appeal relative to gold has strengthened, driven by gold's recent volatility and a widening divergence between the two assets.
Significant Market Cap Needed for Bitcoin: Analysts suggest that Bitcoin's market cap would need to reach approximately $266,000 to match private-sector investment in gold, estimated at around $8 trillion, although this is considered unrealistic in the near term.
Treasury Secretary Scott Bessent Claims He Lacks Authority to Utilize Taxpayer Funds for Bitcoin Purchases
Bessenet's Authority on Bitcoin Purchases: U.S. Treasury Secretary Scott Bessenet stated he lacks the authority to direct U.S. banks or taxpayer funds to purchase Bitcoin or Trump coins, emphasizing that the government will retain seized Bitcoin linked to criminal activities.
Estimates on Stablecoins: Standard Chartered estimated that dollar-backed stablecoins could draw nearly $500 billion in deposits from U.S. banks by the end of 2028, highlighting the growing interest in stable digital currencies.
Bitcoin Market Pressure: Bitcoin has faced significant selling pressure, declining nearly 3% to $73,503, and has dropped over 26% in the past year, reflecting ongoing volatility in the cryptocurrency market.
Disputes Over Stablecoins: A recent White House meeting aimed to resolve ongoing disputes between major U.S. banks and cryptocurrency firms regarding the regulatory framework for stablecoins, with concerns raised about potential financial stability risks associated with incentives for deposits.
U.S. Crypto Stocks Decline Following 2.7% Drop in Bitcoin
Market Decline: U.S. listed cryptocurrency stocks have experienced a significant drop, reflecting broader market trends.
Bitcoin Performance: Bitcoin has fallen by 2.7%, contributing to the overall decline in cryptocurrency values.
Cleanspark Inc. Generates 573 Bitcoins in January 2026
- Company Overview: CleanSpark, a Bitcoin mining company, has reported its production figures for January 2026.
- Bitcoin Production: The company produced a total of 573 Bitcoin during the month.
Bitcoin Hits Lowest Point Since Trump's Presidency – What’s Behind the Selloff?
Bitcoin ETF Outflows: Bitcoin ETFs experienced nearly $1.5 billion in outflows last week, marking the second consecutive week of significant withdrawals, with retail sentiment shifting to an extremely bearish outlook.
Market Conditions: Analysts warn that markets are entering a data-heavy week with multiple interest rate decisions and major U.S. economic releases scheduled, which could increase short-term volatility.
Bitcoin Price Decline: Bitcoin's price fell 4.1% to $73,353, its lowest level since Donald Trump took office, dropping over $1,000 below previous lows recorded earlier in the year.
Investor Sentiment: Retail sentiment around Bitcoin has shifted dramatically, with some users predicting further declines in price, while others express skepticism about Bitcoin's long-term viability.
