$ETH Historically, February has been a strong month for Bitcoin, with the cryptocurrency recording double-digit gains in 8 of the past 12 years, averaging a 15.6% increase.
Notably, February 2013 saw Bitcoin's largest gain of 62%, while February 2024 experienced a 43.5% rise, with prices jumping from $42,580 to $62,560.
Exceptions to this trend include 2014 and 2020, where prices declined, and 2018 and 2023, where prices remained relatively flat.
Looking ahead to February 2025, following the recent Bitcoin halving event, there is optimism for continued positive performance.
If Bitcoin matches its historical average gain for February, prices could rise to approximately $118,000 or more.
Ethereum has also demonstrated positive performance in February over the past six years, with an average gain of 17%. In February 2024, ETH recorded its largest increase of 46%, rising from $2,280 to $3,380.
Despite a slight decline of over 5% at the beginning of this month, if Ethereum's performance aligns with its historical February average, prices could reach $3,750, or even $4,700 if it replicates the gains of February 2024.
With Bitcoin's historic bullish trends in February, there is potential for a repeat performance this year.
Similarly, Ethereum shows strong potential despite current challenges, which could bolster the momentum of the digital market as a whole. As January 2025 comes to a close, the cryptocurrency market is poised to see how prices will react in the upcoming month.