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Bitcoin Falls Toward $40K, Racks Up Longest Losing Streak Since 2018

Cryptocurrency analysts had warned of the possibility of a steeper sell-off, and now traders are wondering when and where the market shakeout might end.

By Bradley Keoun

Updated May 11, 2023, 6:45 p.m. Published Jan 8, 2022, 9:45 p.m.

Bitcoin's daily price chart shows the decline toward $40,000 after a seven-day losing streak. (TradingView/CoinDesk)