Crypto Daybook Americas will not be published on Monday, Feb. 16 due to the Presidents’ Day holiday in the U.S. We will be back on Feb. 17.
By Francisco Rodrigues (All times ET unless indicated otherwise)
Bitcoin is on track for a fourth straight weekly decline in its longest negative streak since mid-November. The largest cryptocurrency has lost 1.7% in the past 24 hours and 4.8% since Monday morning.
The broader CoinDesk 20 Index (CD20) fell 2% in a market that, according to Bitwise research analyst Danny Nelson, is mostly driven by fear. Indeed, the Crypto Fear and Greed Index has now been in “extreme fear” territory for almost two weeks.
“The market’s main driver right now is fear. Fear that we’ll go lower,”…
