Bitcoin Heads for Worst Month Since Crypto Collapse of June 2022

Bitcoin extended its decline on Tuesday, putting the token on course for its steepest monthly drop since the industry suffered a slew of corporate collapses in 2022. The original cryptocurrency fell as much as 2.64% to $62,858, and was hovering around $63,330 in early morning in New York. It’s now down more than 19% in February, set for its worst monthly performance since June 2022. That year, the implosion of TerraUSD, a stablecoin project, triggered a daisy chain of failures that included crypto hedge f ...