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.

It has continued to decline over the weekend, and it is currently on track for its Sixteeth weekly loss in successionThis is the first time such an event has occurred since 2014. This is the first such occurrence since 2014. The market capitalization fell below $1.6 Trillion.