(Feb 24): Bitcoin extended its decline on Tuesday (Feb 24), putting the token on course for its steepest monthly drop since the industry suffered a slew of corporate collapses in 2022. It’s now down more than 19% in February, set for its worst monthly performance since June 2022. Bitcoin is also on track for a fifth straight monthly decline, its longest losing streak since 2018 — another bruising period for crypto markets defined by the unravelling of an initial coin offering boom. “President Trump’s decision to raise global tariffs to 15% rattled risk assets broadly and Bitcoin moved with them,” said Rachael Lucas, crypto analyst at BTC Markets. Conversely, a fall to below the US$58,000 to US$60,000 support zone “would likely open the door to a deeper pullback,” Sycamore wrote.

Source: The Edge Markets February 24, 2026 06:20 UTC