[Bitcoin May Set Longest Monthly Losing Streak Since 2018] BlockBeats News, January 30: Bitcoin is heading toward its longest monthly losing streak in nearly seven years. As risk-averse sentiment in the market intensifies and funds are diverted due to fierce competition from traditional safe-haven assets, demand for Bitcoin from investors remains weak. Bitcoin has fallen nearly 6% so far in January and is on track for a fourth consecutive monthly decline, marking the longest monthly losing streak since 2018. In 2018, the decline of the Initial Coin Offering (ICO) boom led the cryptocurrency market into a downward spiral.