Cryptocurrency slips into technical bear market as optimism after Donald Trump’s election win fadesBitcoin has recorded its largest monthly loss since June 2022, pushing it into a bear market as the euphoria over cryptocurrencies after Donald Trump’s election win faded.The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its 11th worst month in the last decade, as negative sentiment gripped financial markets. Continue reading...
Bitcoin's price fell by 17.5% in February, marking its largest monthly loss since June 2022 and entering a bear market. The decline, the 11th worst in the last decade, was attributed to rising financial market volatility and fears of a global trade war, exacerbated by Donald Trump's announcement of new tariffs. This significant drop, which pushed Bitcoin more than 20% below its mid-January peak of $109,071, reflects broader negative sentiment in financial markets.
