Selling pressure increased after expectations weakened for a U.S. purchase of 1 million Bitcoin, leading to disappointment-driven market moves.
Bitcoin fell below ¥12 million after disappointment selling spread through the market. The move followed fading expectations that the United States would purchase 1 million Bitcoin, a development that had appeared to support bullish sentiment. The decline reflects how crypto prices can react sharply when anticipated government-related demand fails to materialize.