Bitcoin closes in on posting the biggest monthly candle in its history | Headlines | News | CoinMarketCap
02/29/2024 23:30
Bitcoin is set to close February posting a gain of almost $20,000 since the beginning of the month. In U.S. dollar terms, this is the largest …
Bitcoin is set to close February posting a gain of almost $20,000 since the beginning of the month.
In U.S. dollar terms, this is the largest monthly gain ever for the digital asset, according to Coingecko data. Bitcoin's green candle for February, as shown on candlestick price charts, is approaching the $20,000 mark, registering specifically at $19,976 as of 10:42 a.m. ET.
Following in second place is October 2021's monthly candle, which reached $17,978. The third spot is held by February of the same year, with a length of $15,467.
Investors and analysts often use candlestick charts to analyze price movements and trends in financial markets.
Bitcoin's green candle for February is expected to be its largest to date. Image: Coingecko.
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