Bitcoin Enters Bear Market After Biggest Monthly Drop Since 2022
Bitcoin has just suffered its worst monthly performance in nearly two years, tumbling 17.5% in February—its sharpest drop since June 2022 and the 11th worst monthly loss in a decade. The flagship cryptocurrency ended the month around $84,252, after touching a three-month low of $78,273 during a rocky trading week.
This plunge puts Bitcoin more than 20% below its all-time high of $109,071, officially marking its entry into bear market territory.
The decline comes amid rising global market volatility and fading optimism around a post-election crypto rally. While Bitcoin had soared on speculation that Donald Trump’s return to office would usher in pro-crypto policies, that hype cooled off—until Trump reignited enthusiasm by announcing plans for a Crypto Strategic Reserve on Sunday.
Adding fuel to the bearish momentum was a massive $1.5B hack on the Bybit exchange, as well as fears of an escalating global trade war, with Trump threatening tariffs on Canada, Mexico, and China.
“The bears have been prowling,” said Susannah Streeter of Hargreaves Lansdown. “Negative sentiment is gripping the crypto space as we see a sharp correction from recent highs.”
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