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Cryptos: Bitcoin drifts lower after notching its fourth consecutive winning week

Bitcoin prices were marginally lower on Monday, moving back below the psychologically notable $4,000 mark.

In Monday afternoon trade, a single bitcoin BTCUSD, +0.02% fetched $3,963.70, down 0.3% since Sunday’s level at 5 p.m. Eastern time on the Kraken exchange.

The cryptocurrency is coming off its fourth consecutive winning week, the longest streak since April 2018.

Read:IBM ramps up cryto-related cross-border payments offering

What are analysts saying

“The current absence of a dynamic is a bit scary, as it resembles the October decline, which ended in an impressive selloff,” wrote Alex Kuptsikevich, financial analyst at FxPro, drawing parallels with last year’s trading period leading into the plunge below $6,000.

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