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BTC Down 13% Last Week...Biggest Weekly Drop Since FTX"

"BTC fell 13.1 percent last week, the biggest weekly drop since the FTX bankruptcy," according to Bloomberg. "BTC fell below its 200-day moving average, and U.S. BTC spot ETFs suffered the biggest net outflows in three months on Feb. 2 (local time). BTC has been shaken by a number of factors since its all-time high of $73,798 in March. This includes the political arena, which has been thrown into a watchdog mode as former U.S. President Donald Trump, the self-proclaimed crypto president, and Vice President Kamala Harris, who has been silent on digital assets, face off in the presidential election. Concerns that governments will sell off seized BTC and the Mount Goxbal redemption issue have also played a role."

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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