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First 7-week losing streak in history ― 5 things to know in Bitcoin this week

Published 05/16/2022, 04:58 AM
Updated 05/16/2022, 06:40 AM
First 7-week losing streak in history ― 5 things to know in Bitcoin this week
DX
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TWTR
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BTC/USD
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USDT/USD
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BTC/USD
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LUNA/USD
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LUNAt/USD
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COIN
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Bitcoin (BTC) starts a new week under $30,000 as the battle to save the market from fresh lows grinds on.

After hitting its highest since the Terra LUNA crash last week, the largest cryptocurrency nonetheless continues to fail to reclaim $30,000 as support.

BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
U.S. dollar index (DXY) 1-day candle chart. Source: TradingView
USDT/USD 1-hour candle chart (Bitstamp). Source: TradingView
LUNA/USD 1-hour candle chart (Bitfinex). Source: TradingView
Coinbase (NASDAQ:COIN) order book vs. BTC/USD annotated chart. Source: Ki Young Ju/ Twitter (NYSE:TWTR)
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Bitcoin unique addresses vs. BTC/USD annotated chart. Source: Santiment/ Twitter

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