Bitcoin collapse in February -17.5%

In February the price of Bitcoin slipped by 17.5% by recording the worst monthly performance since June 2022, while the euphoria for cryptocurrencies fiddled by the electoral victory of Donald Trump.

For the ‘queen’ of digital coins the past was the worst month of the last decade. Bitcoin closed February at 84,252 dollars, after touching a minimum of three months of about 78,273 during Friday trading. And it fell by over 20% from the historic maximum of $ 109,071 touched in January.

To weigh is the growing volatility of the financial markets, due to the fears of a global commercial war triggered by the new duties announced by Trump in Canada, Mexico and China, who will start in the next few days. After being pushed up by the “Trump Trade” that fueled the markets after the November elections, in February the cryptocurrencies lost ground in the wake of the weakness of the actions of Wall Street and the dollar, while the traders are still awaiting a clear pro-Crypt regulatory framework by the Trump administration.

The sentiment was also damaged by the recent computer attack on the Exchange Bybit in Dubai, in which 1.5 billion dollars of digital assets were stolen. Bitcoin recovered from the strong monthly drops of the past. In June 2022, his worst month, he fell by 41% from $ 31,700 to $ 18,700, before leaping 26% in July.