🚀 **Bitcoin Rollercoaster: What Happened This Week?** 🚀

Hey BTC enthusiasts! 🌟 This week has been a wild ride for Bitcoin, with its price taking a nosedive from $70,000 to just under $60,000. Let's dive into the key factors behind this dramatic drop!

**1. Weak US Economy** 📉

Bitcoin initially surged to $70K after Donald Trump's pro-BTC remarks at the 2024 BTC conference. However, the joy was short-lived as the US July jobs report revealed a spike in unemployment, causing BTC to tumble.

**2. Fed’s Next Move** 🏦

The US Federal Reserve’s indecision on interest rate cuts has created uncertainty. Lower rates are usually bullish for crypto, but the Fed's hesitation has spooked some investors.

**3. ETF Outflows** 📊

Massive outflows from Bitcoin ETFs, totaling nearly $240 million, have further pressured BTC prices. This trend indicates that larger investors are pulling back, adding to the downward momentum.

Stay optimistic, BTC fans! 🌈 Every dip is an opportunity in disguise. 🚀