A Crypto Roller Coaster — February 2020
In the gif above you can see how the altcoin market performed over the course of February. After a fantastic start almost all gains were given back in the last two weeks. Let’s hope this was just a retracement and the crypto market will continue its bullish momentum in March.
So, without further ado! February 2020 has come to an end and like each month the 100eyes team analyzes what happened in the crypto market. We will look at Bitcoin, altcoins, and some interesting averages.
What a crazy month it has been. The first two weeks of February were wonderful, the last two weeks were horrible. First some statistics. Bitcoin dropped 8.17% in February and was outperformed by 78% of altcoins. Altcoins actually gained 5.28% in dollar value on average.
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Noticeable gainers this month were $HBAR (+164.57%) , $POWR (+134.59%), $KNC (+119.29%), $BQX (+87.32%), and $XTZ (+67.46%). Biggest losers were $ENG (-32.12%), $ETC (-34.37%), $XZC (-38.63%), $MDA (-39.00%), and $GO (-43.00%).
In the following chart you can see how February compared to the last twelve months of altcoin performance.
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