Bitcoin Ends Its Worst Month Since June 2022
Bitcoin fell to roughly $79,650 on February 28 and finished its worst monthly performance since June 2022. The month reversed much of the optimism surrounding the post-election rally as tariffs, ETF outflows, security shocks, and broader risk aversion weighed on the market.
Bitcoin entered February 2025 near the highs of a powerful post-election rally and exited the month in a sharply different mood. On February 28, it fell more than 5% to around $79,650, its lowest level since November 2024, as renewed tariff fears hit risk-sensitive markets. The monthly decline was Bitcoin’s worst since June 2022.
No single event adequately explains the entire move. The month began with a tariff-driven selloff, later absorbed the record Bybit hack, weakening risk appetite, and heavy pressure on U.S. spot Bitcoin ETFs. Renewed U.S. tariff threats at the end of February provided another direct macro shock. Treating one catalyst as the sole cause would overstate the evidence.
What made the episode historically distinctive was the change in market narrative. Bitcoin had rallied strongly after the U.S. election on expectations of favorable regulation and greater institutional adoption. February demonstrated that policy optimism did not remove Bitcoin from the broader liquidity and risk cycle. Price could still respond violently to macro uncertainty even as the regulatory environment was becoming friendlier.
February 28 therefore serves as the representative date for a month-long market reversal rather than as an isolated daily price event.