First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week
(BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers?
After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable.
1-week candle chart (Bitstamp). Source: TradingViewBTC/USD monthly returns chart (screenshot). Source: CoinglassBTC/USD order book data (Binance). Source: Material IndicatorsBTC/USD 1-week candle chart (Bitstamp) with 100, 200 WMA. Source: TradingViewBitcoin net unrealized profit/loss chart. Source: GlassnodeCrypto Fear & Greed Index (screenshot). Source: Alternative.meFear & Greed Index (screenshot). Source: CNN
