If the trend towards a reduction in Bitcoin will continue before the end of Friday, it will be the biggest fall in the month since June 2022.
The cost of Bitcoin’s most popular cryptocurrency fell 25% of the maximum historical after the inauguration of US President Donald Trump in January. Bloomberg reported this Friday, February 28th.
It was noted that in Singapore, up to 12:05 local time, cryptocurrency fell to 5.5% – up to $ 79,627, reaching the lowest level from November 10. It was part of a wide fall: Ether, the second largest cryptocurrency in the world, fell 7.3%, Solana and XRP tokens of 7.1%and 7.8%.
Up to 10pm in KYIV, cryptocurrency dropped by 8.86% – up to $ 78,449, recording a fall of more than 25% from the moment the maximum history reached more than 109 thousand dollars less than six weeks ago.
In February, Bitcoin fell over 20%. If such a trend continues before the end of Friday, it will be the biggest fall in a month since June 2022.
The reduction of prices emphasizes the ambulance of digital ownership, which once grew rapidly after Donald Trump’s success in the election. But everything has changed against the rear of anxiety about the president’s aggressive position about tariffs and overall fears about the US economy.
It also influenced American exchange funds selling Bitcoins: on Tuesday, investors released more than $ 1 billion from them, which has been the most out -of -day flow since their debut last year.
Mark representatives still expect Trump, who is considered a supporter of cryptocurrencies, will take specific steps for the sector, including creating a reserve of bitcoins.
Earlier it was reported that Bitcoin fell to a minimum to three months. The collapse took place against the rear of a general backdrop in the cryptocurrency market. The mood worsened after the largest cryptocurrency in the history of the Hacker attack on the Bybit.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.