Bitcoin (BTC) is on the way to its worst month in three years, falling 22% as the tariffs of President Donald Trump about the main US commercial partners increase concerns about faster inflation, the lowest possibility of interest rate cuts and decreased the appetite for risky investments.
The last time the biggest cryptocurrency fell as much as in June 2022, when it fell in more than a third. Only this week, BTC has fallen almost 18%, the most pronounced fall since the week ended on November 13 of the same year.
The slide leaves investors who have bought Bitcoin this year severely under water. The average purchase price is since the beginning of the $ 97,880, and BTC fell below $ 80,000 on early Friday, which left the average buyer 18% worse.
Historically, this is not entirely unusual. Investors often face some losses not made at the beginning of the year. It occurs when the price of Bitcoin falls below the costs of the recipients before recovering later in the year.
The data in the chain indicate that the losses made increased as the price fell. In the last three days, around $ 1 billion in losses made have registered daily, the largest amount from the Yen the August trade relaxed, when Bitcoin fell to $ 49,000.
In addition, a whopping $ 1.1 billion of Crypto market capitalization has been eliminated, with the total of $ 2.59 billion, according to TradingView Metric, total.
