Bitcoin has recorded a decline in value out of nine weeks

The value of Bitcoin has been falling continuously for 9 weeks. Prior to that, the record series did not exceed 7 weeks.
Bitcoin has recorded a decline in value out of nine weeks

According to BitMEX research, Bitcoin renewed its uninterrupted series of value declines over nine weeks. Publication ​from project cryptodefix. Prior to that, the anti-record was set in January 2015 at 7 weeks.

A wave of six consecutive red candles on the chart was observed three times. From March 21 to May 29, BTC fell by 37.2%, from $46864 to $29449. The cryptocurrency is now trading at $30625.

The main prerequisites for the decline in the value of Bitcoin can be attributed to expectations of a tightening of the Federal Reserve's policy on cryptocurrencies. The fall of the UST token and the Terra system also had an impact.

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