Bloomberg: Bitcoin Expected to Record Worst Monthly Performance Since June 2022
According to Bloomberg, influenced by global tariff concerns, Bitcoin fell over 19% in February, potentially marking its worst monthly performance since June 2022. The decline was mainly due to repeated tariff policies by Trump: after the Supreme Court ruled that his broad tariffs were unconstitutional, he quickly invoked the 1974 Trade Act to impose temporary tariffs and raised the tax rate to 15% on social media. Markets are worried about a slowdown in the global economy and declining liquidity in risk assets, with Bitcoin being pressured alongside the stock market, and continuous net outflows from Bitcoin ETFs.
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Bloomberg: Bitcoin Expected to Record Worst Monthly Performance Since June 2022
According to Bloomberg, influenced by global tariff concerns, Bitcoin fell over 19% in February, potentially marking its worst monthly performance since June 2022.
The decline was mainly due to repeated tariff policies by Trump: after the Supreme Court ruled that his broad tariffs were unconstitutional, he quickly invoked the 1974 Trade Act to impose temporary tariffs and raised the tax rate to 15% on social media. Markets are worried about a slowdown in the global economy and declining liquidity in risk assets, with Bitcoin being pressured alongside the stock market, and continuous net outflows from Bitcoin ETFs.