Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin rose 44% in February, the largest monthly gain since December 2020

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

CointimeCointime2024/03/01 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."

0

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!