DeFi Report February 2024!
Research Report
In February, Bitcoin made a remarkable 45% surge, marking a performance milestone not seen since December 2020. This consistent upward trend, now spanning six consecutive months, highlights Bitcoin's resilience and defies market expectations. Experts are increasingly confident in their predictions of an imminent crypto bull run.
February represents a significant milestone for the crypto community as cryptocurrency values surged to historic highs. Despite initial skepticism at the month's outset, major cryptocurrencies successfully broke through their price barriers.
Bitcoin reached the $63,000 mark close to the end of the month, leading to an upward trend in other tokens.
Bitcoin Halving, a significant event, is approaching in about two months, with the BTC price being less than 9% away from its All-Time High (ATH).
The Decentralized Finance (DeFi) category mirrored the market trend with a significant increase in valuation.
The Total Value Locked (TVL) in DeFi currently stands at $187.511 Billion, marking a Month-on-Month (MOM) change of +55.94%.
Newer categories within DeFi experienced a notable surge in valuation alongside the overall increase.
Discover in-depth analysis and insights into the latest trends and developments in the cryptocurrency market by exploring the Coinpedia research report. Delve into comprehensive coverage of Bitcoin's performance, DeFi trends, and more.
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