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Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018

By BizTech Weekly Jan 9, 2022

Bitcoin has fallen for seven days in a row, the longest losing streak since 2018. It is slipping towards the key psychological threshold of $40,000. Bitcoin’s stretch of losses is now the longest since the downdraft from July 30 to August 4 in 2018. Many investors say that bitcoin has benefited in recent years from the Fed’s ultra-loose monetary policy since the coronavirus hit economy – including printing more than $4 trillion to bolster ailing traditional markets.

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