Bitcoin Price Plummets After U.S. Treasury Halts Direct Crypto Purchases

The price of Bitcoin experienced a significant decline, dropping below $120,000 after the U.S. Treasury halted direct cryptocurrency purchases. This move has shaken investor confidence and sparked concerns about future market volatility. Technical analysts suggest this could trigger further price drops, potentially reaching $110,000, although institutional investors and macroeconomic factors continue to influence Bitcoin’s trajectory.