[Bloomberg “BTC 13% down last week...largest weekly drop since FTX”]

Bloomberg reported, “BTC fell 13.1% last week, recording its largest weekly decline since the FTX bankruptcy.” At the same time, “BTC fell below the 200-day moving average, and the U.S. BTC spot ETF suffered the largest net outflow in three months on the 2nd (local time). After breaking the previous high at $73,798 in March, BTC fell due to various factors. This includes the political world being seized by governments around the world as former US President Donald Trump, who called himself the cryptocurrency president, and Vice President Kamala Harris, who does not express a position on digital assets, face off in the presidential election. “Concerns that BTC will be sold and the Mt. Gox repayment issue also had a significant impact,” he explained.