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Tuesday, February 14, 2023
HomeBitcoinBitcoin About to Shut Its ninth Consecutive Damaging Week (Market Watch)

Bitcoin About to Shut Its ninth Consecutive Damaging Week (Market Watch)


The market didn’t get well over the previous seven days. On the opposite – it noticed additional losses. As it stands, on the time of this writing, Bitcoin’s worth appears prone to chart its ninth consecutive weekly shut within the purple.

9 Weeks of Declines for BTC’s Price

In a primary for Bitcoin, its worth continues to say no for what appears prone to be the ninth week in a row. There are nonetheless just a few hours the place issues would possibly take a flip in the other way however judging from the previous couple of days, it looks like the much less possible situation.

At the time of this writing, BTC’s worth is buying and selling at round $29,000 – up 0.6% on the day however down 1.3% on the week. It’s been seven days filled with sideways actions and sluggish declines, chopping the market up.

Source: TradingView

The weekly open is at $30,264 (on Bitstamp) – greater than 4% away from the present worth.

Meanwhile, Bitcoin’s concern and greed index continues to be in a state of “extreme fear.”

Altcoins Relatively Flat for the Day

The majority of altcoins are comparatively flat for the day. At the time of this writing, most of them are charting insignificant beneficial properties.

img1_heatmapSource: Quantify Crypto

EVMOS is essentially the most appreciable gainer for the previous 24 hours – up 26%, adopted by Avalanche’s AVAX – up 13%. On the opposite hand, the coin that misplaced essentially the most is Luna Classic – down 36%. This is considerably anticipated, provided that Terra 2.0 launched yesterday.

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Disclaimer: Information discovered on CryptoPotato is these of writers quoted. It doesn’t signify the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You are suggested to conduct your individual analysis earlier than making any funding choices. Use supplied data at your individual threat. See Disclaimer for extra data.

Cryptocurrency charts by TradingView.


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