Although bitcoin continues to struggle below $30,000, the cryptocurrency is actually close to breaking its nine-week-long negative weekly streak.
At the start of May, bitcoin equaled the previous record of 6 consecutive red candles before it broke it and registered its 9th last week.
BTC closed last week at $29,250 , at which point it bounced off and even jumped to over $32,000 days ago.
The altcoins mimicked BTC’s performance lately, and Ethereum slipped from over $2,000 to under $1,800.