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Last week Bitcoin was down but no one counted it out

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.

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