Bitcoin, which continues to trade above 60 thousand dollars and the interest in ETFs increases day by day, completed February with a 47% increase. This performance corresponded to the highest rise in the history of the largest cryptocurrency.

The person who gave the information was an analyst of the on-chain tracking platform Glassnode, who used the pseudonym Checkmate. In his comment from his X account, Checkmate said, “Incredible… Bitcoin ended February 2024 with a $19.8 thousand candle rise. It was the biggest monthly performance ever in dollar terms. This rise increased the market value of Bitcoin by 390 billion dollars. A remarkable increase of 47 percent…”

The analyst also stated that this tweet did not mean that there would be a decline and said, “This tweet was just to show how severe the rise was. “We don’t know what will happen next,” he said.

ATH of a period turned into a monthly increase

As you may remember, 20 thousand dollars was the ATH level of a period. Bitcoin rose from $3,000 to $20,000 in a few months in December 2017 and then entered a harsh 3-year bear season. Today, the ATH level of a period has turned into a monthly increase…

The BTC asset value under the management of BlackRock, the leader in ETFs that has the largest share in Bitcoin’s rise, has surpassed $ 10 billion. BlackRock also received a net investment of $600 million yesterday.

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