According to a Bloomberg report published in Yahoo! Finance, Bitcoin is on track for its steepest monthly decline since the 2022 TerraUSD collapse. The cryptocurrency fell as much as 3% on Tuesday to approximately $62,557, bringing its total February loss to roughly 24%. This marks the token’s fifth consecutive monthly decline, its longest losing streak since the 2018 “crypto winter.”

The primary catalyst for the current selloff is a shift in global macro sentiment following President Trump’s announcement of a 15% tariff hike. Despite the persistent “digital gold” narrative, analysts note that Bitcoin continues to trade as a high-beta risk asset. When geopolitical or trade-related fears spike, capital rotates toward traditional safe havens, leaving crypto vulnerable to liquidation.

The crypto market is currently locked in a “tug-of-war” between bulls and bears at critical technical levels. Bitcoin nearly touched the $60,000 level earlier in the month; breaking below it could trigger deeper downward momentum. Analysts are closely watching the 200-week moving average of $58,503 as the ultimate line of defence. In addition, U.S.-listed spot Bitcoin ETFs saw over $200 million in outflows on Monday, showing a retreat by institutional players.

According to a Coindesk report, Bitcoin crossed $ 65,000 as a weaker U.S. dollar and a risk-on tone across Asian equities gave crypto markets their first clean bounce in weeks.

The broader crypto market has felt the sting, losing over $120 billion in total value in just 48 hours. Whether Bitcoin stabilizes largely depends on its ability to hold the $58,000–$60,000 support zone amid ongoing macro volatility.

End Notes

Source: https://finance.yahoo.com/news/bitcoin-heads-worst-month-since-081936819.html