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Bitcoin Is Posting Biggest Weekly Decline Since November

  • Technical review shows cryptocurrency caught in down channel
  • Muted response to global trends suggests little haven appeal
FILE: A bitcoin token sits next to the image of George Washington on a U.S. one dollar bill.
Photographer: Bloomberg/Bloomberg
Updated on

Bitcoin’s having its worst week this year, and the rest of the cryptocurrency market isn’t doing much better.

The world’s largest digital asset fell about 15% this week to around $10,145, the biggest five-day slide since November. The Bloomberg Galaxy Crypto Index has slumped about 12%, only the worst drop in four weeks.