Crypto Market Update - February 2021

Last updated: 2 weeks ago
3 mins read

Finally. Healthy growth.

February 2021 has come to an end and like each month the 100eyes team analyses what happened to Bitcoin and the altcoin market. First of all, Bitcoin gained in value for the fifth consecutive month, an impressive 37% gain this month. Bitcoin’s current ATH is $58,351, which is 16% above the current price.

How did altcoins perform this month? In contrast to the quite random pumps we’ve observed in January, altcoins started to show healthy growth in February. Altcoins gained 70.6% in dollar value on average, although only half of the altcoins actually outperformed Bitcoin.

In the following chart you can see how February compared to the last twelve months of altcoin performance.

The top 5 performers in February were $RVN (+438.70%), $GAS (+410.87%), $BNB (+373.66%), $ADA (+274.32%), and $LUNA (+263.68%). Biggest losers were $XRP (-14.86%), $OST (-24.33%), $VIBE (-25.42%), $CRV (-26.77%), and $BCPT (-35.60%).

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