# Bitcoin price falls by 17.5% in biggest monthly loss since 2022

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, before the president pumped it up again on Sunday.

The price of bitcoin fell by 17.5% in February, the biggest monthly drop since June 2022, and its 11th worst month in the last decade, as negative 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.

Bitcoin weakened amid rising volatility in the financial markets, blamed on fears of a global trade war as .

Having been driven upward by the “Trump trade” that fuelled markets after last November’s election, crypto stumbled as stocks on Wall Street, and the US dollar, also weakened during February.

Crypto prices surged after Trump’s election win, driven by speculation that , and could create a bitcoin strategic reserve.

While that optimism had faded in February, Trump reignited it on Sunday by revealing that several crypto assets would be included in a Crypto Strategic Reserve.

Sentiment was also hurt by  in which $1.5bn of digital assets were stolen in February.

Susannah Streeter, the head of money and markets at Hargreaves Lansdown, said the crypto market continued to be battered by a wave of negative sentiment.

“The bears have been prowling around the crypto market, with crypto dropping 20% from its recent peak.”



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