Bitcoin experienced its largest monthly loss since June 2022 with a 17.5% decline in February, pushing it into a bear market. The price fell to approximately $84,252, significantly below January's record of $109,071. Concerns about a global trade war and a lack of clear regulatory support from the Trump administration contributed to the downtrend. Additional negative sentiment arose following a cyber-attack on the Bybit exchange, resulting in the theft of $1.5 billion worth of digital assets. Market analysts predict continued volatility as traders seek clearer regulatory guidance.
The price of bitcoin fell by 17.5% in February, marking its largest monthly loss since June 2022, fueled by negative sentiments and global trade war fears.
Bitcoin ended February at about $84,252, plunging over 20% below its record high of $109,071 in mid-January, officially entering a bear market.
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