After sinking to $29,743.13, the top cryptocurrency is now dangerously close to turning negative on the weekly chart.
Bitcoin recently scored its ninth consecutive week in the red, and bears have a decent chance to extend this bearish streak if the top cryptocurrency remains below $29,454 on Sunday.
Bitcoin a cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party.Bitcoin was introduced to the public in January 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.
Launched in 2009, Bitcoin is the world’s largest cryptocurrency by market capitalization.
Previously Bitcoin was showing signs of bottoming out after sliding for nine straight weeks for the first time in its history. But now its again sinking to $29, 743.13 coming dangerously close to turn negative in the weekly chart.
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