Bitcoin has recorded its strongest monthly loss since June 2022, pushing it in a lower market while the euphoria on cryptocurrencies after the electoral victory of Donald Trump was when the president pumps him again on Sunday.
The price of Bitcoin fell by 17.5% in February, the greatest monthly decrease since June 2022, and its 11th worst month in the last decade, while the negative feeling has seized the financial markets.
The world’s largest asset in the world ended in February at around $ 84,252 (£ 67,010), after reaching a three -month low $ 78,273 during negotiations on Friday.
Bitcoin has now dropped by more than 20% below the record summit of $ 109,071 set in mid-January, which places it on a technical bear market.
Bitcoin has weakened in the middle of growing volatility in the financial markets, attributed to the fears of a world trade war while Trump promised to impose new prices on imports from Canada, Mexico and China this week.
Having been led to the increase by the “Trump trade” which fueled the markets after the elections of last November, the crypto fell as stocks at Wall Street and the US dollar, also weakened in February.
Cryptocurrencies jumped after Trump’s election victory, motivated by speculation that the White House adopts a pro-Crypto approach and could create a Bitcoin strategic reserve.
While this optimism was faded in February, Trump rekindled it on Sunday by revealing that several cryptographic assets would be included in a cryptographic strategic reserve.
The feeling was also injured by a cyber attack on the exchange of appeal in which $ 1.5 billion in digital assets were stolen in February.
Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the cryptography market had continued to be beaten by a wave of negative feeling.
“The Bears have roasted the cryptography market, the cryptocurrency 20% of its recent peak.”
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Streeter added: “The aggressive commercial approach of Donald Trump aroused concerns about investors who turn away from more risky assets, and the enormous piracy of the exchange of Bybit in Dubai also struck the feeling. Without any Trump closure to show his support for the cryptography sector, nervousness seems to continue. »»
Bitcoin has recovered from clear monthly falls in the past. In June 2022, his worst month, he fell 41% from $ 31,700 to $ 18,700, before jumping by 26% in July.
Cryptography prices rallied on Sunday after Trump announced the names of three cryptocurrencies that are included in a new American strategic reserve.
Trump said that his January executive decree on digital assets would create a stock of currencies, notably XRP (Ripple), Sol (Solana) and Ada (Cardano), which triggered an increase in the three. Trump added that Bitcoin and Ethereum would be “at the heart of the reserve”, bringing Bitcoin up to $ 94,000.
