Crypto Market News Today: DeepSnitch AI Favored by Traders Shifting From Majors to Presales, XMR and HYPE Show Strength

In testimony before the US Congress, US Treasury Secretary Scott Bessent said that the US will retain BTC acquired in asset seizures. Yet, he added that there will be no attempts to bail out BTC during a market downturn by directing banks to purchase more assets. Other crypto market news today remained bearish. The overall global crypto market recap confirmed that the downturn will likely continue as Bitcoin itself fell to $71K and major altcoins lost key support levels. In the meantime, DeepSnitch AI raised $1.48M in presale, indicating that many traders are favoring presale projects in favor of major assets. Centered on utility, the mass appeal of the AI agent prediction suite pushed DeepSnitch AI investors to anticipate 100x post-launch. No Bitcoin bailouts US Treasury Secretary Scott Bessent testified before Congress on Wednesday, confirming that the US will not direct private banks to buy more BTC during market downturns, but the government will hold on to BTC seized through asset forfeitures. California Congressman Brad Sherman was the individual who raised this question, asking if the FOMC or the Treasury could “fix” Bitcoin’s price via reserve changes. Bessent reiterated he has no authority to do that either as the Secretary of the Treasury or chair as FSOC. The testimony updates the Bitcoin strategic reserve, created by Trump’s March 2025 executive order. It limits new acquisitions to forfeitures or budget-neutral methods (e.g., converting existing reserves like petroleum or metals), with no open-market purchases or added costs. Overall, even this tidbit of the crypto market news today could be considered bearish, as many traders anticipated the US Government to double down on Bitcoin. Altcoins to keep an eye on in 2026 1. DeepSnitch AI: Is DSNT the best presale coin in 2026? Although the crypto market news today informed traders about positive developments in crypto, it’s impossible to ignore that most majors are losing their footing. For instance, the ...