Summary
- Bitcoin (BTC) has fallen more than 19% so far this month, raising the prospect that it could post its worst monthly return since June 2022.
- Bitcoin is down more than 19% for February, and analysts say that if this trend holds, it could mark the weakest monthly performance since June 2022.
- The recent weakness is attributed to worsening risk appetite across risk assets amid mounting global tariff concerns and the possibility of renewed trade tensions, which are weighing on the crypto market.
Bitcoin (BTC) has fallen more than 19% so far this month, raising the prospect that it could post its worst monthly return since June 2022.
On the 24th, cryptocurrency news outlet Cointelegraph, citing a Bloomberg report, said Bitcoin is down more than 19% for February. Analysts say that if this trend holds, it could mark the weakest monthly performance since June 2022.
The recent weakness is also seen as stemming from deteriorating risk sentiment across risk assets, coinciding with growing concerns over global tariffs. With the possibility of renewed trade tensions coming back into focus, both equities and crypto markets are said to be facing pressure in tandem.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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