bitcoin
Bitcoin (BITCOIN)
$94,643 0.00%
ethereum
Ethereum (ETHEREUM)
$1,772 -2.34%
binancecoin
BNB (BINANCECOIN)
$597.19 -0.07%
solana
Solana (SOLANA)
$144.05 -1.81%
ripple
XRP (RIPPLE)
$2.12 -0.53%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -2.40%
pepe
Pepe (PEPE)
$0.000008 -3.08%
bonk
Bonk (BONK)
$0.000016 -5.67%
bitcoin
Bitcoin (BITCOIN)
$94,643 0.00%
ethereum
Ethereum (ETHEREUM)
$1,772 -2.34%
binancecoin
BNB (BINANCECOIN)
$597.19 -0.07%
solana
Solana (SOLANA)
$144.05 -1.81%
ripple
XRP (RIPPLE)
$2.12 -0.53%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -2.40%
pepe
Pepe (PEPE)
$0.000008 -3.08%
bonk
Bonk (BONK)
$0.000016 -5.67%
bitcoin
Bitcoin (BITCOIN)
$94,643 0.00%
ethereum
Ethereum (ETHEREUM)
$1,772 -2.34%
binancecoin
BNB (BINANCECOIN)
$597.19 -0.07%
solana
Solana (SOLANA)
$144.05 -1.81%
ripple
XRP (RIPPLE)
$2.12 -0.53%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -2.40%
pepe
Pepe (PEPE)
$0.000008 -3.08%
bonk
Bonk (BONK)
$0.000016 -5.67%
Disclosure
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Bitcoin Suffers Its Worst February in 10 Years, Dropping 17.39%

Highlights:

  • Bitcoin records its worst February in about ten years.
  • The flagship cryptocurrency depleted by about 17.39% in the just concluded month.
  • Ethereum also suffered significant declines, with a 31.95% depreciation in February.

Spotonchain, a renowned on-chain crypto transactions tracker, has published February’s crypto market statistics on its verified X handle. The publication revealed that Bitcoin recorded its worst February in about ten years. Per the on-chain tracker, Bitcoin (BTC) dropped by about 17.39%, following the generalized market slumps in February.

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Similarly, Ethereum (ETH), the world’s most valuable altcoin, dropped significantly. It plummeted by about 31.95% to notch its worst February since it graced the crypto market. Considering the positions of Bitcoin and Ethereum as leading cryptocurrencies, one could assert that market participants, including those holding assets other than BTC and ETH, suffered huge losses last month. 

Possible Expectations for March

Spotonchain highlighted how the unimpressive market run in February will affect the new month in the tweet making rounds. The on-chain tracker noted that if history repeats itself, chances abound that March might experience similar downtrends. However, Spotonchain hinted at the possibility of a rebound in the new month.

Despite the poor outing, many Bitcoin proponents and market analysts remain convinced that the dip will last transiently. Hence, they consider the prevailing situation an opportunity to amass Bitcoin at discounted prices.

While some market experts envisage the present dip as an opportunity to procure more BTC, another category thinks the price decline is setting the stage for altcoins’ price rally. Hence, aside from accumulating Bitcoin, this group advocated for investments in crypto assets other than Bitcoin.

Bitcoin and Ethereum ETFs Contributed Significantly to the Unimpressive Run in February

In February, Bitcoin and Ethereum ETFs suffered some of the most devastating losses that would negatively impact BTC and Ethereum price actions. In their most recent outing, SosoValue, a reputable on-chain ETF tracker, revealed that Bitcoin ETFs attracted their first-ever gains after eight days. The commodities had about $94.3361 million in net inflows.

On the other hand, Ethereum funds extended their outflows streak to the seventh consecutive day. The on-chain ETF tracker noted that Ethereum ETFs latest outing resulted in losses valued at roughly $41.8245 million. While Bitcoin ETFs seem to stage a recovery, the funds suffered one of the most devastating losses in the just concluded week.

Notably, Crypto2Community reported a huge outflow in one of its previous publications. According to the crypto news publication platform, Bitcoin ETFs forfeited roughly $1.136 billion on February 25, marking the commodities’ highest loss since inception.

BTC Price Stage Slight Recovery After Trump Announced a White House Crypto Summit

Meanwhile, in a recent news article, Crypto2Community reported that the United States President, Donald Trump, will host the first White House Crypto Summit. The event, scheduled for March 7, aims at uniting crypto industry leaders and policymakers. Crypto Czar David Sacks will oversee the program, while Bo Hines will take charge of the administration.

Following the announcement, Bitcoin’s selling price surged slightly. The flagship cryptocurrency is changing hands at about $84,448, reflecting a 5% upswing in the past 24 hours. The subtle increase highlights how announcements from the federal government could influence Bitcoin’s price.

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