Bitcoin Falls Hard in February to Close Worst Month Since June 2022
Bitcoin fell roughly 17% in February to around $84,000 — the cryptocurrency's biggest drop over one month since June 2022. The sharp sell-off in crypto on renewed tariff fears shows that Bitcoin, and even altcoins, are now entirely driven by politics. This was never the intention for Bitcoin — indeed, it was designed as an anti-political asset — but this is where we are right now.
- The escalating worries over tariffs could lead to a prolonged period of market volatility, potentially eroding investor confidence in cryptocurrencies.
- Will the recent losses be enough to prompt policymakers to reassess their approach to regulating crypto assets and mitigate the impact on the industry?