February Was Bitcoin’s First Positive Month Since July 2018 – Can March Be Better?
It took six months for the Bitcoin price to register a positive 30-day performance. The world’s leading digital asset, which continues to be in its most extended bearish cycle, corrected 10.4% to the upside in February. It marked the third time in the past 12-months that bitcoin registered a profitable month, the last being July and April, which posted 21.5% and 25.1% returns, respectively. Beyond March – and quite fundamentally – bitcoin pros outperform its cons. The institutional market is already in its final steps before it integrates BTC trading products wholly. That includes the launch of Bakkt, a bitcoin futures platform, and a potentially favorable outcome for the first bitcoin exchange-traded fund that is awaiting US regulatory approval.