BTC and XRP Price Prediction As Treasury Secretary Bessent Warns “US Won’t Bail Out Bitcoin”
The post BTC and XRP Price Prediction As Treasury Secretary Bessent Warns “US Won’t Bail Out Bitcoin” appeared on BitcoinEthereumNews.com.
BTC and XRP prices fell sharply as bearish pressure swept across the crypto market. As Treasury Secretary Bessent warns, “US Won’t Bail Out,” investor sentiment has turned more cautious. Bitcoin dropped by more than 6.5% within the past 24 hours, falling below $70,000. XRP was also down by almost 10%, trading at below $1.40. The wider cryptocurrency market decreased by 7% to a cumulative value of $2.37 trillion. Other leading coins, such as ETH and SOL, also recorded losses, indicating the effects of the current liquidation cascade driven by Bitcoin. U.S. Treasury Rules Out Bitcoin Bailout Amid Market Risks U.S. Treasury Secretary Scott Bessent has confirmed there will be no bailout for Bitcoin during market volatility. The declaration was issued following questioning by Congressman Brad Sherman during a congressional hearing that occurred on Wednesday. Bessent clarified that the Treasury and the Federal Open Market Committee have no power to fund Bitcoin. He also indicated that the private banks have no intentions of being forced to buy Bitcoin or the memecoins, such as the Trump Coin. The U.S. already possesses more than $15 billion in Bitcoin, which was first acquired in case of crimes when it was only worth half a billion. Bessent stressed that increasing Bitcoin reserves should rely on a budget-neutral approach, as a Trump executive order in 2025. Such plans involve the conversion of currently held reserve assets, including gold or oil, to Bitcoin, and preventing new expenditures. Nevertheless, a lot of people within the crypto community feel that the policy is yet to show its real commitment. Without market support from the government, BTC and XRP prices could face increased volatility ahead. Bitcoin Price Crashes Below $70k; What Next? BTC price continued its downward trajectory, slipping 6% in the last 24 hours to $68,248. The fall dropped…
Filed under: News - @ February 5, 2026 7:28 pm