Bitcoin Plummets Amid Broader Market Instability

Bitcoin's price continues to plummet, reaching a new low in February. The digital currency has fallen by over 19% this month, marking its worst performance since June 2022 when the TerraUSD stablecoin implosion triggered a chain of corporate collapses.

The decline is part of a broader selloff that started in October, which has been fueled by a mix of macroeconomic factors and ongoing crypto market instability. Recent events such as President Trump's announcement to raise global tariffs to 15% have also contributed to the downturn.

Experts warn that Bitcoin's price may continue to fall if it fails to break through key support levels. The token has already broken through multiple key supports, and its proximity to the $60,000 mark has some analysts predicting a deeper pullback.