Bitcoin is down 5.53% this month, making it bitcoin’s worst January since 2022. Unless the asset rallies over the weekend, it will be its fourth consecutive monthly loss, according to CoinGlass. This drop marks the longest losing streak for bitcoin since 2018, “when the unraveling of a boom in so-called Initial Coin Offerings sent the market into a downward spiral,” Bloomberg reported. Gracy Chen, CEO of Bitget, told Sherwood News that the current crypto market downturn is primarily driven by heightened risk aversion amid escalating geopolitical crises, with investors preferring traditional safe havens over volatile ... (full story)