Bitcoin crashes again and loses almost 10% in a day

Bitcoin fell again yesterday, this time by around 10% in a single day after the US Treasury Secretary Scott Bessent said there would be no bailout for Bitcoin or Bitcoin-related companies. The incident was broadcast live on American television and immediately caused Bitcoin to fall.

Bessent was clearly pointing the finger at Strategy, the company that holds the most Bitcoins and is now facing a heavy loss because the value of the largest digital currency is below the average purchase price of Strategy’s 700,000 Bitcoins.

At the time of writing, Bitcoin trades for $64,000.

Bailout

If you thought chart reader Peter Brandt’s prediction last week was fearmongering, think again. Brandt assumed a price of $58,000 would be the bottom this year, but we’re already reading lower predictions. According to analysts at Stifel, a low of $38,000 is quite possible.

🚨 BREAKING

The U.S. government will not bail out Bitcoin.

Treasury Secretary Scott Bessent just said it directly in this video.

Then comes the part almost no one is talking about.

The U.S. already holds about $15 billion in Bitcoin⁰not because it believes in it⁰but because… pic.twitter.com/mxLadC6YeX

— 🔥Quid est Veritas? 🔥 (@quidesttruth) February 4, 2026

Bitcoin fell again yesterday by around 10% in a single day after US Treasury Secretary Bessent ruled out a bailout of Bitcoin-related companies.

Strategy, in particular, is in dire straits. The company will publish results later today, and with Bitcoin’s price at this level, they can only be met with a disastrous reaction from the market.

It looks like no one wants to buy $MSTR now.

Non-stop dump. pic.twitter.com/NKPlWkExMS

— Ted (@TedPillows) February 4, 2026

It’s also noteworthy that the US government itself owns around $15 billion in Bitcoin, most of which it seized from criminals. The White House, therefore, also stands to lose a great deal if Bitcoin continues to decline.