Bitcoin prices crash 19% in February, set for worst monthly fall in almost 4 years: More pain ahead?
Bitcoin continued its losing streak on Tuesday, driving the token to its sharpest monthly decline since a wave of corporate failures rocked the crypto industry in 2022.
The world’s largest cryptocurrency dropped as much as 2.64% to $62,858 during Asian trading hours and is now down over 19% in February, heading for its worst monthly performance since June 2022, showed a Bloomberg analysis. Today’s decline left Bitcoin trading roughly 50% below its early-October record high of $126,272.
