Bitcoin Has Longest Losing Streak Since August in Bruising Week

Bitcoin just had a brutal week, tumbling about 16% and dropping below $62,000, its lowest point since early February as wider market nerves flared over renewed Middle East conflict. The selling streak also picked up after Michael Saylor’s Strategy sold a small slice of its massive Bitcoin pile, which was enough to send online spectators into full popcorn mode. And honestly? The charts may be red, but the comments are absolutely on fire.

The loudest reaction came from the "Bitcoin is imaginary money" crowd, who treated the drop like vindication day. One commenter stole the show with a joke comparing Bitcoin to an imaginary dog: great in theory, useless when you actually need it to do something. Ouch. Others piled on the identity crisis, saying Bitcoin spent years being sold as "digital gold" only for actual gold to surge while Bitcoin stumbled, leaving people asking whether it’s really a safe place to park money or just a very moody internet asset.

But the true believers are not backing down. The classic buy-the-dip brigade showed up right on cue, insisting this is just another round of fear, uncertainty and doubt before Bitcoin eventually makes a new all-time high. Then things got extra spicy with fresh worries about quantum computing possibly threatening crypto security someday, because apparently one market panic at a time is not enough for the internet. The result: a glorious mess of doom-posting, bargain-hunting and meme-sniping.