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Bitcoin Steadies After Ending Longest Winning Streak Since 2013

  • Relative strength index suggests that Bitcoin is overbought
  • Crypto sector braced for potential bankruptcy of key lender
Updated on

Bitcoin steadied after snapping a rare 14-day winning streak as a mood of caution supplanted the risk appetite that drove up a variety of assets at the start of the year.

The largest token swung between gains and losses on Thursday and was up about 0.2% at $20,813 as of 12:50 p.m. in Singapore. Smaller coins like Solana and Polkadot posted modest increases. Bitcoin on Wednesday retreated 2.5%, ending its longest run of daily gains since 2013.