Bitcoin rose 44% in February, the largest monthly gain since December 2020

Bitget App

Trade smarter

Bitget

News

Cointime2024/03/01 00:13

By:Cointime

Bitcoin rose by 44% in February, marking the largest monthly increase since December 2020. Market analysis posted on X by Alex Thorn, head of research at Galaxy, suggests that the US spot Bitcoin ETF is a "game-changer," providing stable and recently accelerating demand for BTC. Meanwhile, about 75% of Bitcoin's supply is held by long-term holders who have so far been unwilling to sell at recent price levels.

Analysts at IntoTheBlock point out that on-chain transaction volume and retail interest in cryptocurrencies on the Bitcoin network are still far below previous peak levels.

Crypto analysis firm Swissblock predicts that Bitcoin's current upward trend is "just the beginning of future trends."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14