Bitcoin Skyrockets 45% In February, Nearing Record High, Fueled By ETF Launch And Halving Hype
The upcoming Bitcoin halving event in April, where the production of new coins is halved, also contributes to the bullish sentiment.
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“Bitcoin Skyrockets 45% In February, Nearing Record High, Fueled By ETF Launch And Halving Hype”
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newsflash18.com
1 Mar 2024
Bitcoin is on track for its biggest monthly jump in over three years, reaching a staggering $62,000 in Asia on February 29th. This 45% surge marks its highest monthly gain since December 2020, according to Reuters.
This rally also propelled other cryptocurrencies, with Ether, the second largest, climbing to $3,429, reflecting a 50% February increase. Analysts like Brian Armstrong from Coinbase and Tony Sycamore from IG Markets predict further growth, with Bitcoin potentially breaking its November 2021 record of $69,000.
Author
Genia Chadha Official | Verified Expert • 07 Jun, 2026 Chief Editor
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