Watcher.Guru first drew attention to a pivotal remark from U.S. Treasury Secretary Scott Bessent—“We’re not going to be buying Bitcoin for the government’s reserve, instead relying on seized assets and halting sales. This clip, circulated on X by Watcher.Guru catalyzed a rapid shift in crypto sentiment. Policy Shock: Government Halts Bitcoin Purchases In the video excerpt shared by Watcher.Guru, Secretary Bessent clarified that the U.S. Treasury will not be acquiring additional Bitcoin for its so-called strategic reserve . Rather, the government plans to preserve what it already holds, mostly from previous confiscations, and will cease further sales. JUST IN: Treasury Secretary Bessent says the US Government is "not going to be buying" Bitcoin. pic.twitter.com/vL79P531CP — Watcher.Guru (@WatcherGuru) August 14, 2025 This announcement directly undercut narratives of institutional or sovereign purchasing driving sustained demand. Market Ripples: Broad Crypto Retreat The markets reacted swiftly. Bitcoin, which had earlier spiked to around $124,000—a fresh all-time high on the back of institutional flows and pro-crypto policies—pulled back, slipping to approximately $119,000 as traders digested the implications. Meanwhile, other major coins followed suit. Ethereum dipped modestly, while altcoins, including XRP, felt sharper downward pressure. Why XRP Tumbled the Most As of report time, XRP is trading at approximately $3.13, down nearly 4 percent intraday, from earlier highs above ~$3.34. XRP’s steeper decline stems from its status as an altcoin with speculative positioning—not a policy-positioned “store of value” like Bitcoin. Market participants quickly moved out of riskier holdings amid growing uncertainty. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 With XRP’s price heavily driven by sentiment, ETF speculation, and regulatory narratives, the halt in a new policy-driven demand source accelerated profit-taking. Temporary Pullback or Repricing? This policy revelation removes one pillar of near-term demand for Bitcoin and, by extension, speculative capital, tossing risk further down the crypto hierarchy. XRP may continue to experience volatility until fresh catalysts emerge—such as regulatory clarity, ETF approvals, or strong adoption signals. In the meantime, Watcher.Guru’s video remains the focal reference for understanding this dynamic shift in government attitude toward crypto reserves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Here’s Why XRP Dumps Suddenly appeared first on Times Tabloid .
