Crypto Market Analysis : Last Week of February 2024
March 05, 2024
Here's a quick recap of last week of February 2024 crypto market performance. Staying updated helps understanding market trends, managing investment risk, and making informed decisions easier.
Bitcoin Price Trend: Weekly Overview
During the last week of February 2024, Bitcoin witnessed a remarkable price surge, climbing 22.03% from $51,764.9 to $63,178.5. This significant upward movement coincided with a prevailing positive sentiment across the broader cryptocurrency market.
Despite facing earlier headwinds in the 3rd week of February, Bitcoin managed a strong comeback, reaching a weekly high of $60,000 and even surpassing its monthly high at $64,300.
As of today, March 4th, 2024, Bitcoin continues its upward trajectory, reflecting a strong bullish market sentiment in crypto space. The total market capitalization is currently at a staggering $2.39 trillion, highlighting the growing interest and value within the industry.
Price Movement Analysis of Top-Performing Cryptocurrencies
Below is the analysis of Top-Performing Cryptocurrencies weekly price movements, providing a comprehensive overview of its market performance.
| Cryptocurrency | 7-day range | All-Time-High | All-Time-Low |
| BTC | $51,764.9 - $63,178.5 Open (26/2/24) - Close (3/3/24) | $64,300.0 March 28, 2024 | $50,922.5 February 26, 2024 |
| ETH | $3,115.24 - $3,115.24 Open (26/2/24) - Close (3/3/24) | $3,531.0 February 29, 2024 | $3,037.25 February 26, 2024 |
| BNB | $388.5 - $414.5 Open (26/2/24) - Close (3/3/24) | $427.3 February 28, 2024 | $382.0 February 26, 2024 |
| SOL | $103.47 - $130.16 Open (26/2/24) - Close (3/3/24) | $137.80 March 1, 2024 | $100.59 February 26, 2024 |
| ADA | $0.5913 - $0.7279 Open (26/2/24) - Close (3/3/24) | $0.7638 March 2, 2024 | $0.5732 February 26, 2024 |
Conclusion
During the last week of February 2024, Bitcoin surged by 22.03%, reaching $63,178.5 amidst a positive market sentiment. Despite earlier challenges, Bitcoin rebounded strongly, hitting $60,000 and surpassing its monthly high at $64,300. As of March 4th, 2024, Bitcoin's upward trend continues, reflecting a bullish crypto market sentiment with a total market capitalization of $2.39 trillion.
Moreover, Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Cardano (ADA) also saw substantial gains during this period, suggesting an overall positive sentiment prevailing in the market.
Additional Learning:
- Financial Analysis Tools: Introduction to Technical Indicators
- Essential Guide for Asset Transfers: Insights into BSC, ERC20, TRC20, and MATIC
- Starting with Crypto: Breaking Down the Basics of Terms and Concepts
Disclaimer: The information provided is not trading advice. MaskEX.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.
MaskEX Academy Team