Bitcoin (BTC) has yet to reach its all-time high, but bulls have achieved a new record. On March 1, Checkmate, the pseudonymous lead on-chain analyst at Glassnode, revealed a “remarkable” BTC price event in a post on X (formerly Twitter). The February monthly close showed a clear victory for Bitcoin bulls, with a 43.55% gain in BTC/USD, the biggest since December 2020, according to data from CoinGlass. Checkmate also highlighted that February saw a monthly candle that reached nearly $20,000, the largest monthly USD increase in history. This level was previously an all-time high in December 2017. Despite concerns surrounding the monthly close, Bitcoin’s price volatility has remained manageable, currently trading at $61,600. This article is for informational purposes only and does not provide investment advice. Readers should conduct their own research before making any investment decisions.
Bitcoin achieves its largest ever monthly candle in USD, surging to $20K.