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Bitcoin Sees Worst Weekly Performance since Black Thursday; Steeper Declines Ahead

Bitcoin Sees Worst Weekly Performance since Black Thursday; Steeper Declines Ahead –

Bitcoin falls nearly 10 percent in a week, marking its worst weekly performance since March’s Black Thursday. The losses followed the cryptocurrency’s recovery from below $4,000 to $10,000. Profit-taking sentiment, miner capitulation, and uncertain macroeconomic outlooks further warn of deeper declines. Bitcoin recovered mildly at the beginning of this week after closing the previous one in severe losses.