Bitcoin Faces Longest Monthly Losing Streak Since 2018 Amid Risk-Off Sentiment
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Summary
Bitcoin is on track for its fourth consecutive month of losses, marking its longest monthly losing streak since 2018. The cryptocurrency has declined nearly 6% in January, with the downturn attributed to a risk-off market sentiment and competition from traditional safe-haven assets.
Key quotes
· 3 pulledBitcoin is heading for its worst streak of monthly losses in about seven years
The original cryptocurrency is down nearly 6% so far in January, putting it on course for a fourth straight month of losses
the longest streak of its kind since 2018, when the unraveling of a boom in so-called Initial Coin Offerings sent the market into a downward spiral
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