Bitcoin has declined by more than 50% from its October all-time high near $126,500 to levels as low as $60,000.
On a monthly basis, bitcoin has recorded five straight declines since October, the second-longest losing streak on record, surpassed only by the six-month slide from 2018 to 2019.
Against gold, bitcoin is down seven consecutive months relative to the precious metal, its longest stretch of underperformance in that pairing.
