Bitcoin (BTC) is on the right track in its worst month in three years, falling 22%as President Donald Trump’s tariffs on major US trading partners raise concerns about faster inflation, reduced chance of interest cuts and lowered the appetite for risky investment.

Last time the biggest cryptocurrency fell as much as June 2022 when it fell by more than a third. This week alone, BTC has fallen nearly 18%, the steepest slide since the week ended on November 13 of that year.

Slide leaves investors who have bought Bitcoin this year hard underwater. The average purchase price has been $ 97,880 since the beginning of January, and BTC fell to less than $ 80,000 earlier Friday, leaving the average buyer approx. 18% worse.

Historically, this is not quite unusual. Investors are often facing some unrealized losses at the beginning of the year. It happens when the price of Bitcoin falls below the cost basis for the recipients before they are included later in the year.

Data on the chain indicates that realized losses escalated as the price fell. Over the past three days, approx. $ 1 billion in realized losses daily – the most since August’s Yen carry relaxes as Bitcoin dropped to $ 49,000.

In addition, a huge $ 1.1 trillion has been wiped out from the Crypto Market Cap, with the total amount of $ 2.59 trillion, according to TradingView Metric, total.