97% of Bitcoin Addresses Now in Profit Due to Price Rally 97% of Bitcoin Addresses Now in Profit Due to Price Rally

  Back

97% of Bitcoin Addresses Now in Profit Due to Price Rally

updated on:6 Nov 2020

 

Bitcoin is currently outperforming other assets and the continuing price increase is good news for most addresses.
97% of all Bitcoin addresses are currently in profit. This follows a steady rise in Bitcoin's price in recent months.
If Bitcoin's price continues to rise, even more addresses could be in profit in the future.

A total of 97% of all Bitcoin addresses are in profit as Bitcoin’s value continues to rise, according to data published
by Glassnode. This means that the majority of Bitcoin was bought at a lower value than it currently is worth.

Bitcoin is currently on an unprecedented run, with today marking the 100th day where the opening and closing price of
Bitcoin has been above $10,000. Its current price of approximately $14,900 represents a value not seen since January
2018. And for most Bitcoin owners, they’re in the money.

A total of 97% of all Bitcoin addresses are in profit as Bitcoin’s value continues to rise, according to data published
by Glassnode. This means that the majority of Bitcoin was bought at a lower value than it currently is worth. Bitcoin is
currently on an unprecedented run, with today marking the 100th day where the opening and closing price of Bitcoin has
been above $10,000. Its current price of approximately $14,900 represents a value not seen since January 2018. And for
most Bitcoin owners, they’re in the money.

 

Share this Blog with your friends

0 Comments

No Comments

Suggested Content

Bitcoin 'Doesn’t Fulfill Basic Properties of Money': ECB Board Member

updated on:10 Apr 2021

Isabel Schnabel, Member of the Executive Board of the European Central Bank (ECB), has described Bit

Continue Reading

Bitcoin ETF Approval Will Happen: Morgan Creek’s Mark Yusko

updated on:9 Apr 2021

Morgan Creek Capital Management CEO Mark Yusko has expressed his confidence that a Bitcoin ETF will

Continue Reading

Ukrainian Officials Own $2.67 Billion in Bitcoin: Report

updated on:9 Apr 2021

Civil servants and officials in Ukraine are holding a significant amount of Bitcoin (BTC) and other

Continue Reading

JP Morgan's Jaime Dimon: Bitcoin Regulation a ‘Serious Emerging Issue’

updated on:8 Apr 2021

The legal and regulatory status of Bitcoin and other cryptocurrencies is something that needs to be

Continue Reading

Bitcoin Toys With $60k, BNB Hits All-Time High and Ethereum Creeps Past $2,000

updated on:3 Apr 2021

It’s all systems go for the crypto market.  Binance Coin hit a new all-time high of $3

Continue Reading