The U.S. Treasury’s announcement that it will not be purchasing new Bitcoin has sent ripples through the cryptocurrency market, impacting prices and investor sentiment. This decision, announced by U.S. Secretary of the Treasury Scott Bessent, highlights a shift in government policy regarding Bitcoin. The decision is further exacerbated by higher-than-expected inflation data, leading to increased risk aversion among investors. Notably, this move signifies the U.S. will prioritize confiscated assets over purchasing new Bitcoin. 3% drop for Bitcoin and a 2% decline for Ethereum are some of the key indicators of market reaction. The decision has shaken crypto markets as they grapple with the implications of this policy shift, potentially fueling a change in investment focus from Bitcoin to other altcoins.