
Market - 👁
March 1, 2025 at 11:52 AM
Bitcoin's Worst Month Since June 2022: A 17% Plunge 📉🔥
• Bitcoin experienced a significant 16% drop in February 2024, marking its worst monthly performance since June 2022, falling below $80,000 for the first time this year before partially recovering. 😟⬇️
• This decline follows President Trump's announcement of new tariffs, highlighting the increasing influence of political factors on Bitcoin's price, despite its original intention as an apolitical asset; a $1.5 billion crypto exchange hack and macroeconomic uncertainty also contributed to the downturn. ⚠️💲
• While some other crypto stocks like Coinbase and Riot Platforms rallied on Friday, financial analyst Nic Puckrin suggests that further price drops are possible if tariff concerns persist, with a key support level to watch being $71,000. 🤔📉