Crypto Stocks Crashed in Premarket Trading After Bitcoin Records 7 Red Weekly Candles for the First Time In History

Tiger Newspress2022-05-16

Crypto stocks crashed in premarket trading after Bitcoin records 7 red weekly candles for the first time In history.

Bitcoin recorded seven consecutive red weekly candles for the first time in its history. BTC fell to a low of $25,400 last Thursday. Over the last seven weeks, BTC has lost over 50% of its value. At the beginning of April, BTC was trading at $46,700.

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