Seven Weeks of Red

Some thoughts on what it all means

A funny thing happened on the way to the weekly close last Sunday.

Bitcoin’s price ended “down” or “ in the red” for the seventh week in a row. That’s a first for the asset. Even in the darkest days of a massive decline in 2014, Bitcoin still logged several “green” or upward trending weeks.

Sadly, this week isn’t looking much better, especially with the…