Bitcoin Faces Worst Monthly Decline Since TerraUSD Collapse

Bitcoin's price has been steadily declining in recent days, with Tuesday seeing the token drop by as much as 2.64%.

This decline puts Bitcoin on course for its worst monthly performance since June 2022, when the implosion of TerraUSD triggered a chain reaction of failures that included crypto hedge fund Three Arrows Capital and BlockFi.

Bitcoin's price has now fallen over 19% in February, with analysts noting that this downturn marks a significant shift compared to previous years.