Crypto
Bitcoin set for third straight weekly decline, warning sign of May-style selloff returning
Bitcoin has logged three straight weekly declines for the first time since May, heightening caution about further losses. The Crypto Basic reported the recent pattern resembles May, when selling intensified after three down weeks and bitcoin fell 13.93 percent in the fourth week. A trader said a similar sequence in May led to a full retracement of an early second-quarter rally. Analysts are watching whether bitcoin can hold above $80,700 and maintain closes above $80,000.
