
Bitcoin (BTC) Records Ugliest February in 11 Years
February has been a dismal month for Bitcoin (BTC), with the cryptocurrency recording its worst performance since 2014. According to data, this is not only the lowest price the leading cryptocurrency has traded in three months but also the worst February in almost 11 years.
The news comes as a significant blow to investors who had previously seen their investments rise dramatically, especially after Bitcoin reached an all-time high of $109,588. However, these gains have now been completely erased, leaving many wondering what the future holds for this volatile market.
Additionally, it is worth noting that February has historically not been kind to Bitcoin. Historical data from CryptoRank shows that the average return for the first month of spring is 11.8%, with a median return of -2.10%.
Source: https://u.today/bitcoin-btc-records-ugliest-february-in-11-years