The crazy February has ended, BTC once broke 80,000, MicroStrategy fell 24% this month

The stock market shook off another round of Fluctuation triggered by geopolitical concerns and White House confrontation, seeing a Rebound at the end of a turbulent February. The three major U.S. stock indexes rose across the board but failed to recover from the fall seen since early February. Tesla surged by 8%, but the cumulative monthly fall still reached 25%. BTC once broke through the 80,000 mark, dropping to a low of $78,258, with a monthly fall of over 16%. Meanwhile, MicroStrategy (, now renamed Strategy), saw a greater monthly fall of 24% than BTC despite the Rebound at the end of the month.

After several twists and turns, the US stock market rebounded

After several twists and turns, the stock market began to Rebound. Due to the intense confrontation between (Donald Trump) and Ukrainian President Zelensky during their meeting, the planned mineral agreement between the United States and Ukraine was canceled. At the same time, Treasury Secretary Benson stated that Mexico has proposed to impose the same tariffs on China as the United States, and urged Canada to do the same, thus creating a 'North American fortress' to resist a large number of Chinese imports.

Against the backdrop of a slowing economy, geopolitical tensions, trade wars, and the valuation of artificial intelligence, the market saw intensified Fluctuation in February.

Adam Phillips of EP Wealth Advisors said, "This is a fragile market. Anxiety is clearly evident in market behavior, and we have also heard this anxiety from many clients. The market is now desperately seeking direction, but we are preparing for more Fluctuation in the future as we await clear outcomes to a series of issues."

PCE Mildly Rises, Consumer Spending Weak

In January, the US PCE price index increased by 2.5% on an annual basis, with the core PCE price index rising by 0.3% on a monthly basis and 2.6% on an annual basis, matching the smallest annual increase since the beginning of 2021.

In addition, consumer spending adjusted for inflation fell by 0.5%, the largest monthly decline in nearly 4 years. The data shows weak consumer spending, suggesting that the economy may have entered a slowdown phase.

Although further interest rate cuts may still be several months away, this report helps to preserve the possibility of one or two rate cuts in 2025. Investors have overlooked the worrying decline in consumer spending and instead focused on the prospect of Fed easing.

BTC once broke through 80,000, and nearly 900 million THB was liquidated across the network within 24 hours

The cryptocurrency market has also experienced a turbulent month. The Kobeissi Letter pointed out that since the escalation of trade war concerns at the end of January this year, the global cryptocurrency market capitalization plummeted from $3.7 trillion to $2.8 trillion in just five weeks, evaporating over $800 billion in value.

BTC once broke through the 80,000 level, dropping to as low as $78,258, with a monthly fall of over 16%. Compared to the steady rise of gold this year, BTC is highly correlated with risky assets, and the fall is even more severe than that of traditional stocks.

(Cryptocurrency market collapse under trade war: BTC ultimately cannot escape the fate of risk assets)

The lowest of Ethereum came to $2,076, with a fall of over 27% in a single month.

According to Coinglass data, nearly 0.9 billion USD of liquidations occurred across the network in the past 24 hours, with BTC accounting for 4.3 billion USD, followed by 200 million USD of Ether.

The crazy February in this article has ended, and BTC once broke eighty thousand, MicroStrategy fell 24% in the earliest appearance on Chain News ABMedia.