Bitcoin 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 eleventh worst month in the last decade, as risk-off sentiment gripped financial markets.
The world’s largest crypto asset ended February at about $84,252 (£67,010), having hit a three-month low of about $78,273 during trading on Friday.
Bitcoin has now dropped more than 20% below the record high of $109,071 set in mid-January, which puts it into a technical bear market.
So on top of pollution it enables crime? Great
Well it being a criminal money is a plus, a main feature even. I got some from GPU mining ages ago so was selling them at its peak and it’s easily noticable how all the legal way to get money is all so traced and requires you to send your ID, sold them by dealing with buyers directly so no ID required instead.
What do you think state currency does? Petrol-dollars? Are these planting trees and spreading world peace?