Bitcoin Faces Longest Monthly Decline Since 2018

Foresight News posted on X (formerly Twitter). According to Bloomberg, Bitcoin is experiencing its longest monthly decline in nearly seven years due to rising risk aversion and increased competition from traditional safe-haven assets. In January, Bitcoin has already fallen nearly 6%, marking its fourth consecutive month of losses. This would be the longest monthly losing streak since the collapse of the ICO bubble in 2018. On Friday, Bitcoin dropped by 3.9% to approximately $81,100, reaching its lowest level since late November last year. Meanwhile, traditional safe-haven assets like gold and silver have reached new highs this week.