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."