The US state of Louisiana has reportedly passed a bill in support of Bitcoin that aims to protect access to the asset and limit central bank digital currencies (CBDC).
Bitcoin miners have sold $2 billion worth of BTC since the beginning of June, the fastest sell-off in more than a year and bringing the total to a 14-year low.
Veteran cryptocurrency investor Arthur Chong suggests that the era of severe downturns and prolonged bear markets in digital assets may be behind us.