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.
Tell them it’s worthless to the Russian people who scaped their dictator and could access their money worldwide without many issues. They go out of the Russia and don’t pay taxes to fund the war, ultimately good.
It’s not your fault if your stupid government does starts a war against your will and then your paper money is worthless.
Bitcoin is freedom.