Bitcoin has experienced a significant decline, plummeting 49% over the past five months, which has erased more than $1.21 trillion from its market capitalization. This downturn fits into the historical patterns of Bitcoin markets, which have often swung between periods of rapid growth and sharp declines driven by speculation and adoption waves. Additionally, Bitcoin’s price volatility has been exacerbated by tightening global monetary policies, which have been pressuring high-risk assets.
Bitcoin falls 49% in five months, erases $1.21T from market cap
