Bitcoin and Ethereum see historic February losses as liquidity concerns grow
The post Bitcoin and Ethereum see historic February losses as liquidity concerns grow appeared on BitcoinEthereumNews.com.
Bitcoin experienced its biggest February decline in more than a decade after closing last month with an over 17% drop in value. The flagship asset, which started February at over $101,000, fell as low as $78,000 before ending the month at over $84,000. According to Coinglass data, this is the second-largest drop that BTC has experienced in February, which historically has been a positive month for the flagship asset. Its biggest decline for that month came in 2014 when it fell 31%. However, Bitcoin has only experienced a drop in value thrice in February since 2013, when Coinglass started keeping the data with the last one before this coming in 2020. On average, the flagship asset experienced a 13% rise in February. Meanwhile, Bitcoin’s decline in February was even better than Ethereum’s. ETH, which has been struggling since 2024, nosedived last month with a massive 32% decline in value. Although it was trading around $3,300 at the beginning of the month, it lost more than $1,000 in value, falling as low as $2,100 on February 28. The massive decline is also a historical anomaly for Ethereum, which last experienced a February loss in 2018 when it dropped 24%. Overall, it has averaged an 11.68% gain during the month. Bitcoin’s performance in February is the worst monthly decline the asset has experienced since June 2022. The forces pulling the crypto market down Meanwhile, several factors contributed to the massive decline that Bitcoin and other digital assets experienced last month. The biggest factor was President Donald Trump‘s announcement that the 25% tariffs on Canada and Mexico would finally go into effect by March 4, along with the extra 10% tariffs on Chinese imports. With the initial announcement of the tariffs inducing the sell-off of crypto, the news of its renewal, coupled with…
Filed under: News - @ March 1, 2025 3:18 pm