Bitcoin Price Today Drops Below $114K as Treasury Drains $400B Liquidity

Bitcoin’s latest slump is being pinned on Jerome Powell’s upcoming Jackson Hole speech, but analysts argue the real pressure isn’t Fed talk, it’s cash being pulled from the system. Washington’s Treasury General Account (TGA) refill is quietly draining $400 billion of liquidity, shaking both crypto and equity markets harder than Powell’s words ever could.

BTC-0.54%
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