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Bitcoin just had its worst month since 2022, dropping to $80,500
Business
Bitcoin slid 7.6% on Friday, landing at $80,553 and bringing the monthly loss to nearly 25%, making it the steepest drop since the big crypto crashes of 2022.
The tumble comes as investors pull out of Bitcoin ETFs, momentum trading slows down, and even long-inactive wallets start selling.
What's driving the chaos?
Once Bitcoin slipped below $85,000, dealer hedging activity intensified and dealers had to sell off more to manage risk—pushing prices down even further.
Outflows from major ETFs and forced liquidations in futures trading added fuel to the fire.
If prices hover near $80K, though, market dynamics could shift and help steady things a bit.