FX.co ★ Bitcoin Remains Under Pressure

In February, Bitcoin's value dipped below $76,000, marking its lowest point since early April 2025 due to diminishing demand and reduced liquidity. The cryptocurrency has been facing difficulties recently, plummeting approximately 40% from its peak in October. January witnessed an almost 11% decline in Bitcoin's value, representing its fourth straight monthly decrease—a streak not seen since the crash following the 2017 initial coin offering boom. This selling pressure was exacerbated by notable withdrawals from U.S. spot Bitcoin ETFs, which saw net outflows of $1.49 billion during the last week of January. Concurrently, global uncertainties led investors to gravitate towards traditional safe-haven assets, like gold and silver, making risk-prone assets, including cryptocurrencies, susceptible to sell-offs. Additionally, other significant digital currencies encountered heightened selling pressure, with Ether hitting an eight-month low and Solana dropping to its lowest in two years.