Bitcoin Finishes February Up 11 Percent Ending Record Six-Month Streak of Losses

Bitcoin has ended a six-month streak of losses, closing February up 11 percent.

This is the fifth consecutive year Bitcoin has closed February while in the green.

One of the most notable indicators of market sentiment is, of course, Bitcoin.

On Feb. 28th, bitcoin's price hovered within a narrow price range, experiencing a small gain of 0.2 percent at the end of the day, finishing at $3,818.

BTC In 34 minutes, we will end the biggest monthly losing streak in Bitcoin's history.

According to aggregate price data from CoinMarketCap, bitcoin has closed the month up 11.2 percent.

While relatively modest compared to previous Februaries, the 11 percent increase means that the coin's six-month-long losing streak is over.

Despite much of that growth happening from Feb. 18th to Feb. 24th when bitcoin passed the $4,000 mark, it could still represent a noticeable improvement in the market.

In the previous six months, bitcoin prices dropped: 9, 6, 4.4, 37, 7 and 7.5 percent, respectively.

While the month ending in the green is almost universally considered a good sign by traders, many crypto investors remained skeptical about bitcoin's stability at current price levels.