Bitcoin Records Five Consecutive Monthly Losses as Major Banks Move to Integrate Crypto into Traditional Finance

Bitcoin ended February down 15%, marking five consecutive months of losses and a 48% decline from its all-time high of $126,500 in October 2025.

For the first time in its history, both January and February have closed in negative territory in the same year. Should March also finish lower, it would mark six consecutive monthly declines — only the second such occurrence on record.

Simon Peters, Crypto Analyst at eToro, commented:

“Bitcoin has started March on the backfoot amid rising geopolitical tensions in the Middle East, which have triggered a broader flight from risk assets. This week’s US economic data — including ISM manufacturing and services PMI, ADP employment figures, and non-farm payrolls — will be closely watched ahead of the Federal Reserve’s next meeting. While markets are currently pricing in a hold on rates, softer data could increase expectations of a cut, potentially providing much-needed support to cryptoasset prices.”

Biggest Movers

NEAR rose 17% last week, climbing from $1.009 to $1.184 following NEARCON 2026 in San Francisco. Key announcements included the Near.com Super-App, enabling account management across more than 35 blockchains without manual bridging, and “Confidential Intents,” a privacy execution layer designed to shield cross-chain transaction details.
Polkadot (DOT) also gained 17% in anticipation of a major supply reduction on 14 March, which will cut annual token issuance by more than 50% — from approximately 120 million tokens to 55 million.

Institutional Adoption Accelerates

Citibank announced plans to integrate bitcoin into its core banking systems, aiming to make the asset “bankable.” The proposed services include institutional-grade custody of bitcoin, key management and wallet services, and the extension of traditional tax, reporting and compliance workflows to digital assets. The service is expected to launch later this year.
In the UK, Barclays is reportedly exploring the development of a blockchain platform for stablecoin payments and tokenised deposits. Earlier this year, Barclays acquired a stake in Ubyx, a US-based clearing system for digital money, marking its first direct investment in stablecoin infrastructure.

These developments highlight the continued convergence between traditional finance and the digital asset ecosystem.