Bitcoin on Pace for Longest Losing Streak Since 2018 Bear Market
Bitcoin is experiencing its longest losing streak since the 2018 bear market, with prices declining for six consecutive weeks. The cryptocurrency has fallen over 12% during this period, dropping below $26,000. Analysts attribute the downturn to a combination of macroeconomic factors, including rising interest rates and regulatory uncertainties. Market sentiment remains cautious, with traders closely monitoring economic indicators and potential shifts in monetary policy. The ongoing losses have raised concerns about the overall health of the crypto market.
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