The Fundamental #Bitcoin Rights Bill passes the Louisiana H | Crypto Man MAB on Binance Square

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 The Fundamental #Bitcoin Rights Bill passes the Louisiana House of Representatives with a vote of 103 to 0 🙌
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Here’s the Reason for $BTC 's Recent Drop in Price: 🚨 BTC Liquidations - Futures Trades: Futures trades betting on higher prices lost over $230 million in the past 24 hours. - Liquidations: BTC and ETH-tracked futures saw over $60 million in long liquidations each, while products tracking DOGE, SOL, XRP, and Pepe coin (PEPE) recorded at least $4 million in losses. 🚨 BTC ETF Outflows - Spot Bitcoin ETFs: U.S. spot bitcoin ETFs saw $20.45 million in net outflows yesterday. Nine funds, including BlackRock’s IBIT, had zero flows. - Grayscale’s GBTC: Reported daily net outflows of $26.99 million, countered by $6.55 million in net inflows from Fidelity’s FBTC. - Trading Volume: Recent trading volume of spot bitcoin ETFs is lower than in March when they saw daily volumes of around $8-10 billion. The ETFs have accumulated a total net inflow of $14.62 billion since their January inception. 🚨 Mt. Gox Repayments & Miners Sell-Offs - Sell Pressure: Fears of sell pressure from Mt. Gox repayments and possible miner sales have also led to Bitcoin dropping below $59,000, with major tokens like ether and Solana's SOL also declining. - Miner Sales: Miners are still being extremely underpaid, leading to increased selling of their tokens. 🚨 Germany’s Continued Sell-Offs - Nation-State Holdings: Germany is one of the largest nation-state holders of Bitcoin. - Government Sales: Over the past few weeks, the German government has transferred large amounts of BTC to exchanges, summing to over 2,700 BTC. These factors collectively contributed to the recent drop in BTC's price. Stay informed and cautious in the current market conditions. #SOFR_Spike #US_Job_Market_Slowdown

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🟠 Over 110 businesses are now building on #Bitcoin in Africa 🌍 #CryptoManMab

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⚠️Top 5 largest hacks of the June 2024😠 BTCTurk : $100 million Lykke : $22 million UwU Lend $19.4 million Holograph : $14.4 million Velocore : $6.8 million Also hackers stole about $385 million in May 2024 #CryptoManMab

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