BTC Breaks $124K, Then Dips

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Hey crypto trailblazer, 👋

Bitcoin stormed to a fresh all-time high, then quickly pulled back after mixed signals from the U.S. Treasury. Here’s your quick update:

🚀 Bitcoin Rallies Past $124K

• Bitcoin surged to a new all-time high of around $124,500, boosted by optimism around Federal Reserve rate cuts and institutional interest in BTC ETFs.

• That rally briefly placed Bitcoin above Google's market cap (!)

• But the boom was short-lived as weak U.S. inflation data (PPI) raised concerns and sparked a pullback to the $118K range.

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📉 Pullback Below $119K After Treasury Comments

• Treasury Secretary Scott Bessent said the U.S. government won’t buy more Bitcoin for its strategic reserve, choosing instead to expand the reserve using only confiscated assets.

• His comments triggered another wave of selling, dragging BTC below $119,000.

• That said, Bessent emphasized no plans to sell existing holdings, painting the reserve as a long-term digital “store of value.”

Bottom line: Bitcoin’s record high was a bullish milestone but markets reacted swiftly to macro indicators and policy updates. We’ll continue watching for signs of sustainable momentum or further policy-driven swings.

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.