Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May
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Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. Data from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history. Even stock markets, troubled by central bank tightening, managed to put in gains over the week, while Bitcoin and the majority of altcoins added to losses. May 2022 would make May 2022 the second-worst May in Bitcoin’s history, data from on-chain monitoring resource Coinglass confirmed. Source