Bitcoin Prices Take Tumble After U.S. Secretary’s Remarks

Bitcoin prices have plunged below $110,000 as investors react to statements by U.S. Treasury Secretary Bessent regarding a strong labor market recovery and uncertainty surrounding potential interest rate cuts. The anticipated surge has not materialized due to the release of negative ETF data, contributing to market volatility among crypto investors. Additionally, Bessent’s remarks have heightened market uncertainty, following reports that she expects a rapid rebound in U.S. employment.