BTC, ETH on Track for Positive February Results

Benzinga 2023-03-01

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Bitcoin gained 0.2 percent in February, following a 38 percent rise in January and its best month since 2021. Ether rose by 1.7 percent, following a January gain of 31 percent. Earlier this month, investors were concerned over U.S. regulatory efforts of cryptocurrency, which led to a brief sell-off of assets. The Securities and Exchange Commission took action against crypto exchange Kraken and issued a Wells Notice against Paxos. The New York State Department of Financial Services ordered Paxos to stop mining the Binance USD (BUSD) stablecoin.

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