CandleFocus

Bitcoin Set for Worst Month Since June 2022, Worst Week Since November That Year

Bitcoin Set for Worst Month Since June 2022, Worst Week Since November That Year
Bitcoin (BTC) is experiencing its worst month in three years, with a 22% drop. Concerns over President Trump's tariffs, inflation, interest-rate cuts, and risk aversion have contributed to the decline. This week alone, BTC has fallen nearly 18%, the steepest decline since November 2022. The average buyer who purchased bitcoin this year is now 18% worse off, with the average purchase price at around $97,880. On-chain data shows that realized losses have increased as the price has dropped, with about $1 billion in losses recorded daily over the past three days. Furthermore, the crypto market cap has decreased by $1.1 trillion, bringing the total to $2.59 trillion.

Related News