Bitcoin’s price recovered by 101% to trade at $94,003 on March 2, climbing out of the technical bear market, according to CryptoSlate data. Altcoins have also recorded massive gains on Sunday, with XRP up over 37% to $2.94108 over the past 24 hours.
Ethereum (ETH) climbed over 13% to $2,504.08 over the past 24 hours while Solana bagged gains of more than 23%.
February dip pushed Bitcoin into technical bear market
February was the worst month for Bitcoin (BTC) since June 2022. The price of the largest cryptocurrency fell by over 17% last month, from over $101,000 to around $84,350, according to CryptoSlate data.
The price of Bitcoin dipped as low as $78,867 on Feb 28.This was Bitcoin’s biggest monthly dip since June 2022, when BTC price fell by around 40% amid a string of crypto company bankruptcies in the aftermath of the Terra-LUNA collapse.
February’s price fall also pushed Bitcoin into a technical bear market (when the price of an asset declines by over 20%). Earlier today, BT
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