Bitcoin’s Recent Surge Gives Holders a 94% Gain – What’s Next
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Journalist
Posted:
- Bitcoin was trading for over $65,000 at press time.
- The last time it saw a similar surge was in July and stopped at around $68,000.
Bitcoin [BTC] recently broke and held above a price level of $65,000, which has had a significant impact on its investors.
This milestone means that over 90% of BTC holders are now in profit due to the price increase. However, this rapid increase could put pressure on the price in the short term.
Over 90% of Bitcoin holders are now profitable
According to a recent report by IntoTheBlock, more than 90% of Bitcoin holders would profit if the cryptocurrency broke the $65,000 mark – a threshold it has now crossed.
94% of holders are in profit. The last time such a high percentage of investors made profits was in July,
which underlines the importance of this achievement.
User: IntoTheBlock.
Source:
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