Grayscale February Report: Bitcoin could hit new all-time highs later this year

Grayscale released a February market report, which stated that the price of Bitcoin rose 45% last month, surpassing $60,000 for the first time since the fourth quarter of 2021, a phenomenon that reflects the large inflows of new US-listed ETFs and the support for 4 Bitcoin issuance is expected to be halved in March. From an industry perspective, many crypto projects that create synergies with AI technology (such as Filecoin) perform better. In addition, as can be seen from the last crypto cycle, macro factors such as the Federal Reserve’s monetary policy and economic conditions may seriously affect crypto asset valuations. If the macro market outlook remains optimistic, it may cause cryptocurrency prices to rise further this year. Currently, Bitcoin The price of the coin is only 9% below its all-time high, so a new all-time high may be reached later this year.