Bitcoin Extends Monthly Losing Streak as Price Falls Below $68,000

Bitcoin Drops Below Key Psychological Level

Bitcoin, the world’s largest cryptocurrency by market capitalization, declined below the psychologically important $68,000 mark on Friday. The move reversed an earlier recovery seen earlier in the week from intraweek lows, underscoring fragile sentiment across risk assets.

The latest decline positions Bitcoin for its fifth straight monthly loss, marking one of the most challenging periods for the asset in recent years. The repeated monthly setbacks have intensified scrutiny of the durability of Bitcoin’s long-term upward trajectory.

Weak Risk Appetite and Macroeconomic Pressures

The pullback in Bitcoin comes amid broader concerns about cryptocurrency market stability and continuing regulatory uncertainty. Investors have shown diminished appetite for risk assets in recent months as economic uncertainty and shifting expectations for monetary policy weigh on sentiment.

According to the available information, the cryptocurrency market remains particularly sensitive to macroeconomic drivers such as inflation concerns, interest rate expectations, and geopolitical tensions. These factors have contributed to inconsistent momentum and increased volatility, leaving Bitcoin struggling to sustain prior gains.

Technical analysts cited in the source point to weakening momentum indicators, suggesting that Bitcoin may face additional downside pressure in the near term. In this environment, traders and institutional investors are closely watching key technical support levels and the direction of institutional investment flows for early indications of whether the market may stabilize or extend its current losing streak.

FAQ

Why did Bitcoin fall below $68,000?
Bitcoin dropped below $68,000 as risk appetite remained weak, with broader concerns over cryptocurrency market stability, regulatory uncertainty, and macroeconomic pressures weighing on the asset.

How many consecutive monthly losses is Bitcoin facing?
Bitcoin is headed for its fifth consecutive monthly loss, marking one of its most difficult multi-month periods in recent years.

What factors are currently influencing Bitcoin’s price action?
Bitcoin’s price is being influenced by investor risk appetite, concerns about market stability and regulation, and macroeconomic factors such as inflation, interest rate expectations, and geopolitical tensions, as well as weakening technical momentum indicators.