The post Here’s why Bitcoin and Ethereum prices could recover despite February’s losses appeared on BitcoinEthereumNews.com.

Bitcoin and Ethereum are set for their worst February in years, though analysts think the bull market isn’t over. Bitcoin (BTC) and Ethereum (ETH) are set to wrap up a rough month, with BTC dropping over 7.8% to $86,774.59 and ETH plunging 9.47% to $2,403. Should both close the month at current levels, it would be their worst February in years. But despite the downturn, voices in the crypto space aren’t panicking. Many still see a long-term bull market in the making, though they acknowledge that the cycles are evolving. Changing landscape of altcoins Pseudonymous crypto trader Pentoshi believes the days of explosive altcoin rallies, like in 2017 and 2021, may be gone for good. “I think for alts, we will never see a run like 2017 / 2021 again. But I also said that previous to this run,” the trader wrote in an X post on Feb. 25, suggesting that the crypto market has simply grown too large. Well some updated thoughts. I think for *alts*, we will never see a run like 2017 / 2021 again. But I also said that previous to this run. The space is just way too big now, with hundreds of millions of people where as there we really did start at 0 for defi and in 2017 all… https://t.co/QigBMqCgBz — 🐧 Pentoshi (@Pentosh1) February 25, 2025 “The space is just way too big now, with hundreds of millions of people where as there we really did start at 0 for defi and in 2017 all alts combined were 13B. We just started at such a high floor,” Pentoshi explained. Essentially, with so much more capital already in play, it takes significantly more to move the needle compared to past cycles. Pentoshi also sees the next big speculative bubble happening outside of crypto.…

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Filed under: News - @ February 27, 2025 1:25 am