Hey kids! This month, Bitcoin, a type of digital money, had some ups and downs. Think of it like a rollercoaster! The price went down, and that made things tough for companies that create new Bitcoins (called mining).
- Bitcoin's price dropped about 13% in February.
- Companies that mine Bitcoin also lost a lot of money.
- Special investment funds (ETFs) that invest in Bitcoin miners also went down.
- Even though mining is harder now, more people are still trying to mine Bitcoin.
| Thing | Number |
|---|---|
| Bitcoin's average price in February | $95,300 |
| Percentage drop in Bitcoin's price | 13% |
| Loss for Bitcoin mining companies | $6 billion |
| Percentage drop for some mining ETFs | 17-20% |
Experts aren't sure what will happen next. Bitcoin might go up, or it might stay down. It's a bit of a mystery!
