Bitcoin closed 6 consecutive weeks with a red candle for the first time in 8 years.
Bitcoin continues to decline. Bitcoin closed the last week with a red candle, breaking new ground eight years later. For the first time since 2014, Bitcoin has closed six consecutive weeks with a red candle. Along with this, the Fear and Greed Index dropped to 11 as well.
Bitcoin has been falling sharply since approaching $50,000 in March. Amid recession concerns, Bitcoin slumped to $32,600. Bitcoin, which has experienced another 5% decrease in the last 24 hours, is trying to reclaim $ 33,000 as of publication time and is trading at $ 32,913.