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Bitcoin falters while banks double down on crypto

Bitcoin falters while banks double down on crypto

Simon Peters, crypto analyst at eToro

Simon Peters, crypto analyst at eToro/Image: Supplied

Bitcoin closed February down 15 per cent, extending its losing streak to five consecutive months and marking a 48 per cent decline from its all-time high of $126,500 in October 2025.

For the first time on record, both January and February have ended in negative territory within the same calendar year. Should March also close lower, it would represent six straight monthly declines — a pattern seen only once before in Bitcoin’s history.

Simon Peters, crypto analyst at eToro, commented: “Bitcoin has started March on the backfoot amid rising geopolitical tensions in the Middle East, which have triggered a broader flight from risk assets. This week’s US economic data —…

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