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Bitcoin on track to snap 5-month losing streak
Bitcoin (BTC-USD) hovered around $68,000 on Tuesday, on pace to narrowly snap a five-month losing streak. "BTC has never recorded 6 consecutive monthly declines in its 17-year history," Compass Point analyst Ed Engel wrote. After declining for five straight months from October to February, bitcoin was trading within 1% of February's $67,000 closing price, the analyst noted. Bitcoin has shown more resilience than equities, as the S&P 500 (^GSPC) and gold (GC=F) both dropped since the Middle East war began on Feb. 28. Although the token seemed overdue for a relief rally, "blockchain data still indicates bearish ... (full story)