Bitcoin With a Monster Monthly Candle, Solana Explodes, Memes Soar: This Week’s Recap

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet.The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven days alone.The rest of the market followed suit, and even Ripple’s XRP, which was lagging throughout most of the year, increased by 10%. The rest of the altcoins in the top 10 also performed really well, with Solana taking the main stage and surging by 30%.Meme coins also took center stage, with perhaps the best and most unexpected performer being Dogwifhat (WIF). The astonishing story behind WIF is that it started only a few months ago, and it managed to increase to an incredible $1 billion market cap in less than half a year.BONK, PEPE, DOGE, SHIB, and many other meme coins also soared as the entire market flourished.