Bad news: Bitcoin suffered its biggest decline since 2022

The Bitcoin price dropped by 17.5% in February, the biggest monthly decline since June 2022, and its 11th worst in the last decade, as negative sentiment caught up with financial markets, foreign media write, Telegrafi explains.

The world's largest crypto asset ended in February at a value of around 84,252, reaching the lowest level of three months of about $78,273 during the trade Friday.

Thus, Bitcoin has now dropped more than 20% below the record score of $109,071 set in mid-January.

Bitcoin weakened amid growing instability in financial markets, blamed for fears of a global trade war after Trump pledged to impose new tariffs on imports from Canada, Mexico and China.

Kriptovalts rose after Trump's victory in the election, prompted by speculation that the White House would take a pro-crypt approach and could create a strategic Bitcoin reserve.

However, that optimism had waned, as traders expected a clear pro-Cripous regulatory framework by the Trump administration.

The feeling was also damaged by a cyberattack on the Bybi Stock Exchange, in which $1.5 billion digital assets were stolen in February.