Sun Mar 02 17:30:00 UTC 2025: ## Bitcoin Plunges 16% in Worst Month Since June 2022 Amidst Tariff Fears
**New York, NY** – Bitcoin experienced its worst monthly performance since June 2022, plummeting over 16% in February. The cryptocurrency fell below $80,000 for the first time this year on Friday, before recovering slightly to around $84,000. This represents its lowest point since early November.
The sharp decline follows President Trump’s announcement of impending tariffs on goods from Canada, Mexico, and China, scheduled to take effect March 4th. Financial analyst Nic Puckrin of Coin Bureau attributes the sell-off to renewed tariff fears, arguing that Bitcoin, once envisioned as an apolitical asset, is now heavily influenced by political events.
Bitcoin’s price had rallied significantly since the 2020 election, soaring 44% to a high of $109,115 on January 19th. This surge was largely attributed to investor optimism surrounding the Trump administration’s perceived crypto-friendly policies, including the appointment of a crypto czar and a pro-crypto SEC chair nominee.
However, recent losses, fueled by macroeconomic uncertainty and a $1.5 billion crypto exchange hack, have significantly eroded these gains. Puckrin warns that further escalation of tariff concerns could push Bitcoin below a key support level of $71,000.
Interestingly, while Bitcoin suffered, several crypto-related stocks rallied on Friday. Coinbase jumped 3.5%, Riot Platforms rose over 7%, and MicroStrategy, a major Bitcoin holder, climbed over 6%, recovering from earlier losses.
First Piper 