Bitcoin Rises Nearly 45% in February, Best Monthly Performance Since 2020
Bitcoin closed up nearly 45% in February, its sixth consecutive month of gains and its best monthly performance since December 2020, as of the U.S. closing bell in New York on February 29th. Ether rose more than 47%, also the sixth consecutive month of gains and the best month since July 2022. February was a historically strong month for both bitcoin and ethereum. According to CoinGlass, Bitcoin has been profitable in February 10 out of the last 12 years, with an average return of 15.68% for the month. Ether has closed higher seven times in February over the past eight years, with an average February gain of 17.21%.
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.
You may also like
Adidas achieves record revenue in the third quarter, with Greater China growing by 13%, signaling channel expansion
Adidas has continued its growth momentum in the Chinese market, with channel partners beginning to show a stronger willingness to expand stores. On October 29, Adidas released...
The Bank of Japan keeps its benchmark interest rate unchanged at 1.25%, warns of increasing risks of inflation overshooting, and maintains a gradual rate hike stance.
The Bank of Japan stated that core inflation has reached a level consistent with its price target and is expected to remain around this level. Medium- and long-term inflation expectations are maintained at approximately 2%. The central bank also emphasized the need to pay special attention to the risk of inflation deviating upward and becoming a reality.
User growth hits record high in Q3, but revenue "loses steam": Citi maintains neutral rating on Pinterest (PINS.US)
Pinterest's Q3 revenue and profits fell short of expectations, with weak monetization in Europe dragging down guidance. Citi maintains a neutral rating with a target price of $27.
Crypto prices
More
