The bitcoin price fell more than 5% in the past 24 hours on Sunday evening, dropping below $65,000 as large holders moved coins onto exchanges and recent buyers sold at a loss, adding pressure to an already fragile market.

Most of the price drop occurred within just two hours on Sunday evening.

This marks Bitcoin’s first-ever stretch of six consecutive negative weekly closes, six straight closes below its 100-week moving average, and three consecutive closes beneath its 2021 high.

The world’s largest cryptocurrency was trading near $64,500 at the time of writing, down roughly $3,500 on the day. The decline followed a weekend flush from the $67,000 range, breaking a relatively tight…

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