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BTC on Track for 2nd Worst Feburary

Bitcoin lost 21% this February, its worst performance since the Mt. Gox exchange collapse.
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Feb 28, 2025 • 1 min read

Bitcoin's value has fallen by 21% this February, marking it as the second-worst February in its history. The asset lost 30% in February 2014 during the Mt. Gox exchange collapse.

Hovering around $80,000, the downturn is attributed to the absence of positive catalysts, weak macro sentiment, and declining institutional and leveraged market support.

What’s the Scoop?

  • Record Decline: Bitcoin is set to close February with a 21% decrease, making it the second-worst performing February ever, trailing behind only February 2014.
  • Global Macro Headwinds: Weak macroeconomic indicators in the U.S. have further dampened investor sentiment, with consumer confidence indices showing significant declines.
  • Institutional Withdrawal: In line with heightened caution, over $2.9 billion has been pulled from institutional channels, reflecting a broader risk-off market sentiment.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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