The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTCThe price of the stock has not fallen due to its tight correlation with US equity markets.

Extended its weekend decline and now is on the right track to reach its Sixth consecutive weekly lossThis is the first time such an event has occurred since 2014. All crypto markets have been affected by the weakness of Bitcoin. Market capitalization is now below $1.6 trillion.