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Bitcoin achieves all-time highest single-month growth, continues to fluctuate at the high level of 61K.

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Bitcoin achieves all-time highest single-month growth, continues to fluctuate at the high level of 61K.

Bitcoin briefly touched $64K yesterday morning before oscillating at the high end. As of the deadline, it did not reach a new high again, hovering around $61K. However, overall, Bitcoin has risen nearly $20,000 in February, with a monthly increase of 44%, creating the longest candle in history!

Bitcoin ETF Continues to Gain Popularity, but Grayscale Records Another Outflow of $600 Million

On the trading day of February 28th, the single Bitcoin spot fund of BlackRock saw a net inflow of $612 million. Just the FBTC fund from Fidelity had a net inflow of $245 million, which is more than the outflow of $216 million from GBTC. In total, there was a net inflow of $673 million, marking the highest single-day net inflow ever.

Although the trading volume on February 29th cooled down, it still set a new record as the second-highest in history. Bloomberg ETF analyst Eric Balchunas boldly predicts that this week's trading volume will surpass that of the first month! Could this become a new norm?

However, Grayscale's GBTC saw another outflow of $600 million yesterday, which may have been one of the sources of selling pressure.

Performance of Top 10 Market Cap Coins

Among the top 10 market cap coins, Solana (SOL) stood out yesterday with an impressive 8.7% increase, having risen nearly 30% in the past week. Additionally, the meme coin Dogecoin (DOGE), the progenitor of meme coins, led a wave of meme coin increases, continuing to rise nearly 5% yesterday with a remarkable 40% increase over the week.

Meme coins surge, PEPE triples in a month, Andrew Kang emphasizes that DOGE is still undervalued.