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. Article from com​pany 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.

More interesting

Actual

Terraform Labs has pushed back the launch of the system update to May 28
JPMorgan predicted the growth of Bitcoin by 28%
In the metaverse, the land would be sold for $5 million
More…