The Decline of Bitcoin and Ethereum in February
The top two digital assets, Bitcoin and Ethereum, are experiencing significant losses this February, with both facing double-digit declines.
Bitcoin’s Drop
- Bitcoin has plummeted by around 20% this month, marking its steepest decline since June 2022.
- This drop is the largest since it plunged by more than 30% in June 2022.
Ethereum’s Fall
- Ethereum has fared even worse, tumbling by 32% this month.
- The last time ETH faced such a sharp drop was in June 2022 when it fell by over 40%.
Outflows in Bitcoin and Ethereum ETFs
- Spot Bitcoin and Ethereum exchange-traded funds (ETFs) have seen outflows exceeding $3.5 billion this month.
- This marks a sharp reversal from the substantial inflows recorded in previous months.
The Impact of Economic Concerns
The market slump can be attributed to growing economic concerns raised by President Donald Trump’s tariff policies.
- His administration’s trade approach has fueled fears of financial instability.
- Investors are shifting from riskier assets like digital assets to safer investments such as the US Dollar.
