Bitcoin on track for rare six months of consecutive gains

Bitcoin on track for rare six months of consecutive gains
фото показано с : cryptoslate.com

2024-2-19 17:05

Quick Take

Bitcoin is on track to carve out its sixth straight month of gains, a rare occurrence that has only transpired once since 2013. This upward momentum started in September 2023, when Bitcoin ETF speculation catalyzed a sharp surge, propelling the digital asset market into Q4 with heightened enthusiasm.

Bitcoin registered a 4% climb in September, followed by an impressive 29% leap in October. This momentum continued with a 9% rise in November, a 12% ascent in December, a 1% increase in January 2024, and currently a 23% boost in February. Consequently, Bitcoin’s price catapulted from $25,000 to $52,000.

Bitcoin Monthly Returns: (Source: Coinglass)

The last instance of such a sustained positive streak was observed during the 2020-2021 bull run, where Bitcoin rallied from $10,000 to $60,000 from October 2020 to March 2021. Historical performance reinforces optimism for February’s close, as, since 2013, only two negative months have been recorded for February, while the average and median gains for the month stand at 14% and 15% respectively.

The post Bitcoin on track for rare six months of consecutive gains appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65971.9 (+0.12%)
Объем 24H $42.345b
Изменеия 24h: 6.69 %, 7d: 7.00 %
Cегодня L: $65723.56 - H: $66316.72
Капитализация $1299.661b Rank 1
Цена в час новости $ 51848.5 (27.24%)

bitcoin gains rare track when etf speculation

Источник: cryptoslate.com

bitcoin gains → Результатов: 126


Monday Blues Are Looking Green Today; Many Expected BTC to Drop with A 2.90% CME Gap

After smashing through $10,000 over the weekend, Bitcoin powered all the way to $10,950. The past week has turned out to be good for the world’s leading digital currency, recording 13% gains. But over half of these gains were made over the weekend, and because unlike the bitcoin market the traditional stock market doesn’t operate […]

2020-7-28 23:33


Фото:

Two Popular Altcoins Still Recording Over 140% Gains in 2020 So Far

As Bitcoin jumps to nearly $6,900, altcoins follow up. However, this time, the world’s leading cryptocurrency is the one that is ruling the market with over 6% gains in the past 24 hours. After experiencing a massive sell-off that dominated all asset classes, whether equities or gold, Bitcoin with other risky and safe-haven assets are […]

2020-3-24 20:45


This Overlooked Factor Suggests Bitcoin May Soon See an Insane Crash

Bitcoin and the aggregated crypto markets are currently entering a bout of sideways trading that comes just days after the massive rally that sent BTC to highs of $9,500 occurred. The market structure that has developed as a result of the consistent gains seen by Bitcoin throughout 2020 highly favors bulls and has led many... The post appeared first on NewsBTC.

2020-1-31 00:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu’s K9 Finance To Burn 410 Million Tokens – Why This Is Significant

In a significant move to commemorate Ethereum co-founder Vitalik Buterin’s historic SHIB token burn, Shiba Inu partner K9 Finance, the project’s official liquid staking productm has announced its plans to burn 410 million KNINE tokens, which has garnered widespread attention and appreciation within the cryptocurrency community.

Vitalik Buterin Baffles Crypto Twitter: Can You Solve His Math Puzzle?

Vitalik Buterin, the enigmatic co-founder of Ethereum, sent shockwaves through the crypto Twittersphere this past weekend with a series of seemingly nonsensical equations. The equations, which defied basic arithmetic (think 2 + 2 = 0), left many scratching their heads and fearing a break in the very fabric of mathematics. However, as it turns out, […]

Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up?

Recently, the crypto market fluctuations have seen most cryptocurrencies exhibit red numbers. While many remain unfazed by the market dynamics, some sectors of the crypto community have turned more pessimistic, and their bags are seemingly going down instead of up.