The longest losing streak since 2018: what is happening with Bitcoin?
24 February 20:14
The world’s leading cryptocurrency, Bitcoin, continued its decline on February 24, deepening its worst monthly drop since mid-2022. This was reported by Bloomberg, according to "Komersant Ukrainian".
As of this morning in New York, Bitcoin fell 2.9% to $62,701, later fluctuating around $63,150. Overall, the cryptocurrency lost more than 19% of its value in February, its worst monthly result since June 2022.
Five months of decline
Bitcoin is also approaching its fifth consecutive monthly decline. If the trend continues, it will be the longest series of losses since 2018 — a period that investors remember as one of the most difficult for the crypto market.
Such a prolonged decline may indicate a shift in investor sentiment from risk-taking to caution.
Global background: “flight from risk”
The decline comes amid a general increase in caution in global markets. US President Donald Trump has announced his intention to raise global tariffs to 15%, heightening fears of a new wave of trade conflicts.
Investors traditionally reduce their investments in risky assets — which include cryptocurrencies — during periods of geopolitical and economic uncertainty.
Previous signals
The day before, on February 23, Bitcoin had already shown a sharp decline: on the night of February 22-23, it fell 4.8% to $64,300, its lowest level since early February.
Analysts attribute the fluctuations to both external macroeconomic factors and profit-taking after previous periods of growth.
What this means for the market
The current dynamics indicate an increase in the sensitivity of the crypto market to global economic decisions. If the trend toward “risk aversion” intensifies, pressure on digital assets may continue.
