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Bitcoin Has Longest Losing Streak Since August in Bruising Week
Bitcoin posted its longest losing streak since August, weighed down by liquidations of bullish bets and this week’s rare sale of tokens by the dominant corporate buyer. The original cryptocurrency fell for the fifth straight day on Thursday, tumbling as low as $61,322 before recouping some losses. Bitcoin is now trading at a four-month low and close to testing the market bottom of around $60,000 in early February. A week marked by Strategy Inc.’s first sale of Bitcoin since 2022, unprecedented ETF outflows and a further decoupling from record-breaking tech stocks has sapped confidence throughout the sector. ... (full story)
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