Bitcoin Faces Fifth Weekly Loss as US Midterms Weigh In
Summary
Bitcoin has fallen from about $87,000 to $76,500 over five weeks and may post a fifth consecutive weekly decline. The article attributes pressure to investor caution ahead of US midterm elections, concerns about technology stocks after Apple warned that higher memory-chip and AI costs could squeeze margins, and geopolitical tensions that have pushed oil prices higher. Elevated energy prices may stoke inflation and delay interest-rate cuts, adding to the headwinds for risk-sensitive assets such as Bitcoin.
