Bitcoin experienced a 10% decline last week, driven by significant outflows from Bitcoin and Ethereum ETFs. Additionally, a U.S. Court approved the sale of 6.5 billion USD worth of Silk Road Bitcoin, raising concerns among investors.
Chilean lawmakers are discussing a strategic Bitcoin reserve, signaling growing support for Bitcoin adoption. Despite the drop in prices, online sentiment suggests that many investors remain confident and optimistic about Bitcoin’s future.
In contrast, AI-related cryptocurrencies have recently declined, signaling a market correction. Additionally, Dune Analytics is launching the Dune Index, which aims to measure blockchain adoption metrics, potentially reflecting broader market trends.