In February, Bitcoin surged by an impressive 45%, reaching a performance level not witnessed since December 2020. This steady upward trajectory, continuing for six months in a row, underscores Bitcoin’s resilience and challenges market expectations. Experts are growing more assured in forecasting an upcoming crypto bull run.
February stands out as a significant milestone for the crypto community, with cryptocurrency values surging to historic highs. Despite initial skepticism, major cryptocurrencies successfully surpassed their price barriers during the month.
- Bitcoin, the market leader, reached $63,000 just one day before the end of the month.
- This achievement led to a significant uptrend in other tokens.
- Bitcoin’s price is now less than 9% away from its all-time high (ATH), with the Bitcoin Halving event approaching in about two months.
- Decentralized Finance (DeFi) category also saw a notable increase in valuation.
- Total Value Locked (TVL) in DeFi is currently at $187.511 Billion, marking a MOM change of +55.94%.
- Newer categories within DeFi are experiencing a major surge in valuation.
Top DeFi Categories
- DeFi category has reclaimed the $150 Billion market, showcasing a notable bullish influence in the crypto industry.
- This achievement indicates that the Decentralized Finance category is moving towards testing its $200 Billion mark in the near future.
- Newer sub-parts within DeFi are emerging as top gainers, signaling a shift in investor interests.
Explore comprehensive insights and in-depth analysis on cryptocurrency market trends by delving into the research report below. Discover detailed coverage of Bitcoin’s performance, DeFi trends, and more.
