Bitcoin has its best monthly gain ever! Continues to fluctuate at a high of $61,000

After briefly touching 64K in the early hours of yesterday morning, Bitcoin has been oscillating at a high level. Although it has not reached a high again before the deadline and is hovering around 61K, overall, Bitcoin has been in a high-level position in February. It rose nearly $20,000, with a monthly increase of 44%, creating the longest candle in history!

Bitcoin ETF continues to be popular, but Grayscale outflows another US$600 million

On the trading day of February 28, BlackRock’s single Bitcoin spot fund attracted a record Net inflow of US$612 million. Fidelity Funds’ FBTC also saw net inflows of $245 million, surpassing GBTC’s outflows of $216 million. Overall, Bitcoin funds attracted $673 million in net inflows that day, setting a record for the highest single-day net inflow ever.

Although the trading volume on 2/29 has cooled down, it is still the second highest in history. Bloomberg ETF analyst Eric Balchunas boldly speculates that this week’s trading volume will exceed the first month’s trading volume! Is this a new normal?

However, Grayscale’s GBTC outflowed another $600 million yesterday, which may also be one of the sources of yesterday’s selling pressure.

Performance of the top ten market capitalization currencies

Yesterday, Solana (SOL) performed the most eye-catchingly among the top ten market capitalization currencies, with an increase of 8.7%. It has risen by nearly 30% in the past week. In addition, the leader of meme coins, Dogecoin DOGE, has also led to a rise in meme coins. It continued to rise by nearly 5% yesterday, and the increase reached an astonishing 40% within a week.

The above is the detailed content of Bitcoin has its best monthly gain ever! Continues to fluctuate at a high of $61,000. For more information, please follow other related articles on the PHP Chinese website!