You've got to give Bitcoin advocates credit where it's due – the cornerstone cryptocurrency asset is resilient.

Case in point: With U.S. securities regulators bearing down on the cryptocurrency sector after a scandal-ridden 2022, especially with the spectacular collapse of Sam Bankman-Fried's FTX exchange, Bitcoin (BTC) was on the ropes. By Nov. 22, 2022, Bitcoin's price had hit a two-year low, falling to $15,480 during the trading day.

But that was then and this is now, as Bitcoin backers are buoyant once again.

As usual, with a closer look at any period of market asset volatility, some context is required.

"Yes, Bitcoin is up 41% between Jan. 1, 2023, and Feb. 28, 2023," says Jordan Taylor, an independent financial advisor with Core Planning. "Bitcoin is also down 46% between Feb. 28, 2022, and Feb. 28, 2023."