Markets / Bitcoin

Bitcoin heads for a fifth straight losing week near $75,800, a streak it has matched only twice since 2017 by CryptoTicker's count

Bitcoin is on track for its fifth losing week in a row. It changed hands at about $75,820 on Coinbase early Sunday, after trading in a range of roughly $75,450 to $76,150 since Saturday, according to Coinbase's daily price data. The week opened at $78,232 on Monday. Bitcoin climbed to $81,131 on Wednesday after the midterm elections, then fell to $74,722 on Friday, its low for the week.

No single week has been a rout. Weekly closes on Coinbase went from $86,507 on October 4 to $83,678, $82,007, $80,053 and $78,231 on November 1, each between about 2% and 3.3% lower than the one before. Since that early October close, bitcoin is down about 12%.

Long losing streaks are rare. By CryptoTicker's count of Coinbase prices since April 2017, bitcoin has strung together five or more red weeks only twice: nine weeks from late March 2022 and six weeks from January 2026.

Sentiment is weak but has steadied. The alternative.me Fear and Greed Index read 28 on Sunday, up from 25 on Saturday, and trading volume over 24 hours was down about 58% from the day before, TokenPost reported.

This story is reporting and analysis. It is not financial, legal or tax advice.