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.
an expanded explanation of your first paragraph would have been useful for general discussion.
your el salvador paragraph absolutely killed the mojo.
el salvador was always going to be an example of the very worst tendencies of hard-currency (anti-inflationary, proof of work, etc) crypto, specifically because the very worst of the cryptobro “community” was involved in it.
as of now, some of the worst people on earth are the face of cryptocurrency. major “L”, even for the arguably useful chains.
edit: bunny ears for community