Bitcoin, which continues to be traded above $60,000 and the interest in ETFs is increasing day by day, ended February with a 47% increase. This performance corresponded to the biggest rise in the history of the largest cryptocurrency.

The analyst who provided the information was Glassnode’s on-chain tracking platform Glassnode, who uses the pseudonym Checkmate. In a comment on his X account, Checkmate stated, “Unreal…Feb 2024 printed a $19.84k Bitcoin candle, the largest monthly USD increase in history. This added $390B to the Bitcoin market cap… Up a remarkable 47%.”

The analyst also stated that this tweet should not mean that there will not be a decline and said, “The tweet is not implying anything about what happens next. Just an observation of the scale of the candle.” he said.

The ATH of an era has turned into a monthly increase

As it will be remembered, $20,000 was the ATH level of an era. Bitcoin surged from $3,000 to $20,000 in a few months in December 2017, and then entered a 3-year harsh bear season. Today, the ATH level of an era has turned into a monthly increase…

The BTC assets under the management of BlackRock, the leader in ETFs, which has the biggest share in the increase of Bitcoin, has surpassed $10 billion. BlackRock received a net investment of $600 million yesterday.