Bitcoin and Ethereum have extended their historic downtrends, with both major cryptocurrencies closing February deep in the negative. Bitcoin recorded its fifth consecutive monthly decline, a streak not seen since 2018, while Ethereum has now been in the red for six straight months. The declines were severe, with Bitcoin falling 15% in February after a more than 10% drop in January, and Ethereum seeing declines of 17.7% and 19.6% in those months, respectively.
The cryptocurrency market continues to face a prolonged and severe downturn. Bitcoin has recorded five consecutive months of losses, its longest losing streak since 2018, culminating in a 15% decline for February.
The asset began the year positively but was rejected above $98,000 before nosediving to a 15-month low of $60,000 in early February. A recovery to approximately $65,000 was insufficient to prevent a fifth straight monthly loss as data by CoinGlass shows. This follows 2025, which was the first post-halving year where Bitcoin ended in negative territory.
Ethereum‘s performance has been even more bleak, suffering its sixth consecutive monthly decline. Cryptorank data shows this is Ethereum’s worst monthly streak since 2018.
The altcoin has been positive in only three of the last fifteen months, with January and February seeing declines of 17.7% and 19.6% respectively. The landscape around Ethereum is even worse, with the red streak going for six months, and the asset is now struggling to hold the $2,000 level after repeated dips below it.
