Bitcoin (BTC-USD) dropped to $67,000 per token on Thursday, falling to its lowest level since 2024, after Treasury Secretary Scott Bessent suggested the US government would not bail out the cryptocurrency. In a heated back-and-forth during a House Financial Services Committee on Wednesday, Bessent was asked if the US Treasury had the authority to buy bitcoin or other cryptos. "I do not have the authority to do that, and as chair of FSOC, I do not have that authority," Bessent stated. Bitcoin fell to as ...