Close Menu
Ztoog
    What's Hot
    Mobile

    Apple’s 2024 iPad Pro lineup to come with ‘best OLED tablet panels on the market’

    The Future

    How to Bypass Character AI Filter: 9 Simple Ways

    Science

    Cracking open a 117-year-old Antarctic milk time capsule

    Important Pages:
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    Ztoog
    • Home
    • The Future

      JD Vance and President Trump’s Sons Hype Bitcoin at Las Vegas Conference

      AI may already be shrinking entry-level jobs in tech, new research suggests

      Today’s NYT Strands Hints, Answer and Help for May 26 #449

      LiberNovo Omni: The World’s First Dynamic Ergonomic Chair

      Common Security Mistakes Made By Businesses and How to Avoid Them

    • Technology

      Gemini in Google Drive can now help you skip watching that painfully long Zoom meeting

      Apple iPhone exports from China to the US fall 76% as India output surges

      Today’s NYT Wordle Hints, Answer and Help for May 26, #1437

      5 Skills Kids (and Adults) Need in an AI World – O’Reilly

      How To Come Back After A Layoff

    • Gadgets

      8 Best Vegan Meal Delivery Services and Kits (2025), Tested and Reviewed

      Google Home is getting deeper Gemini integration and a new widget

      Google Announces AI Ultra Subscription Plan With Premium Features

      Google shows off Android XR-based glasses, announces Warby Parker team-up

      The market’s down, but this OpenAI for the stock market can help you trade up

    • Mobile

      Microsoft is done being subtle – this new tool screams “upgrade now”

      Wallpaper Wednesday: Android wallpapers 2025-05-28

      Google can make smart glasses accessible with Warby Parker, Gentle Monster deals

      vivo T4 Ultra specs leak

      Forget screens: more details emerge on the mysterious Jony Ive + OpenAI device

    • Science

      Do we have free will? Quantum experiments may soon reveal the answer

      Was Planet Nine exiled from the solar system as a baby?

      How farmers can help rescue water-loving birds

      A trip to the farm where loofahs grow on vines

      AI Is Eating Data Center Power Demand—and It’s Only Getting Worse

    • AI

      The AI Hype Index: College students are hooked on ChatGPT

      Learning how to predict rare kinds of failures | Ztoog

      Anthropic’s new hybrid AI model can work on tasks autonomously for hours at a time

      AI learns how vision and sound are connected, without human intervention | Ztoog

      How AI is introducing errors into courtrooms

    • Crypto

      GameStop bought $500 million of bitcoin

      CoinW Teams Up with Superteam Europe to Conclude Solana Hackathon and Accelerate Web3 Innovation in Europe

      Ethereum Net Flows Turn Negative As Bulls Push For $3,500

      Bitcoin’s Power Compared To Nuclear Reactor By Brazilian Business Leader

      Senate advances GENIUS Act after cloture vote passes

    Ztoog
    Home » Over 80% Of Bitcoin Holders Now In Profit
    Crypto

    Over 80% Of Bitcoin Holders Now In Profit

    Facebook Twitter Pinterest WhatsApp
    Over 80% Of Bitcoin Holders Now In Profit
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    In the final week, Bitcoin has garnered a lot consideration, gaining 2.58 % in seven days, based on knowledge from CoinMarketCap. During this time, the premier cryptocurrency has moved from buying and selling round  $37,800 to nearly breaching the $39,000 worth mark. 

    Following this optimistic worth motion, Bitcoin has recorded some spectacular metrics, which might bolster buyers’ curiosity within the coming weeks.

    Bitcoin Experiences Highest Profitability Level In Two Years

    Via a Friday publish on X, blockchain analytics agency IntoTheBlock reported that 81.35% of all Bitcoin holders are at present in revenue. This marks the best profitability degree skilled by BTC buyers since December 2021, when the token was valued at over $50,000.

    BTC Profitability Reaches Highest Since December 2021!
    Over 80% of Bitcoin addresses are at present holding at a revenue. This is the best worth since December 2021, when costs had been above $50k per Bitcoin
    🔗https://t.co/qWhryCeM0D pic.twitter.com/Dod0PuuWbF

    — IntoTheBlock (@intotheblock) December 1, 2023

    Interestingly, Bitcoin’s profitability is prone to go increased, with a number of components indicating the market chief could quickly cross into the $40,000 worth zone. 

    Firstly, there may be at present a excessive degree of optimism concerning the approval of a Bitcoin Spot exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). On Friday, Bloomberg analyst James Seyffart injected a lot hype into the crypto neighborhood as he predicted that this potential approval order would come between January 8 – January 10, 2024.

    Therefore, in anticipation of the huge institutional demand a spot ETF might introduce to the BTC market, buyers are prone to begin growing their Bitcoin holdings, which might end in a worth increase within the following weeks. 

    Furthermore,  the US Federal Reserve Chairman Jerome Powell has made statements suggesting that there would probably be no extra fee hikes within the coming months. This improvement, if true, paves the way in which for Bitcoin, alongside different digital belongings, to expertise extra worth good points as will increase in fed fee hikes are identified to discourage investments in high-risk belongings similar to cryptocurrencies. 

    However, regardless of these favorable indicators, it’s value stating that the crypto market stays topic to a number of forces, and all buyers are suggested to conduct correct analysis earlier than partaking with the market.

    Bitcoin Network Fees Slashed By 50%

    In different positives for the BTC neighborhood, the Bitcoin community skilled a 50% decline in whole charges within the final week. IntoTheBlock experiences that this improvement was resulting from a drastic decline in ordinals-related transactions.

    The Ordinals protocol, launched in January 2023, permits the creation of non-fungible tokens (NFTs) often known as BRC-20 tokens on the Bitcoin community. Similar to the Ethereum community with its native NFTs, a excessive degree of curiosity in Ordinals leads to excessive community charges and vice versa. 

    At the time of writing, Bitcoin trades at $38,758, with a 0.17% decline within the final hour. Meanwhile, the asset’s every day buying and selling quantity is up by 4.97% and is valued at $20.37 billion. 

    BTC buying and selling at $38,810 on the every day chart | Source: BTCUSD chart on Tradingview.com

    Featured picture from iStock, chart from Tradingview

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Crypto

    GameStop bought $500 million of bitcoin

    Crypto

    CoinW Teams Up with Superteam Europe to Conclude Solana Hackathon and Accelerate Web3 Innovation in Europe

    Crypto

    Ethereum Net Flows Turn Negative As Bulls Push For $3,500

    Crypto

    Bitcoin’s Power Compared To Nuclear Reactor By Brazilian Business Leader

    Crypto

    Senate advances GENIUS Act after cloture vote passes

    Crypto

    Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum

    Crypto

    Robinhood grows its footprint in Canada by acquiring WonderFi

    Crypto

    HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Top Posts
    The Future

    The Tesla Cybertruck Rolls Off the Line

    Tesla just lately introduced that the first manufacturing fashions of its extremely anticipated Cybertruck have…

    Gadgets

    iOS 18’s drive-formatting option shows how far iPhones have come for power users

    Enlarge / The 2024 iPad Pro.Samuel Axon Apple has added the power to format exterior…

    Technology

    Google acknowledges Pixel 8 Pro’s mysterious screen bumps

    Owners of the Pixel 8 Pro have observed uncommon round bumps on the screen, seemingly…

    AI

    Inaugural J-WAFS Grand Challenge aims to develop enhanced crop variants and move them from lab to land | Ztoog

    According to MIT’s constitution, established in 1861, a part of the Institute’s mission is to…

    Mobile

    Best unlocked phones 2023 | Android Central

    When you purchase top-of-the-line unlocked phones, you’ve got the liberty and suppleness to make use…

    Our Picks
    AI

    Computer vision system marries image recognition and generation | Ztoog

    Science

    NASA starts building ice-hunting Moon rover

    Technology

    OnePlus 11R 5G, Samsung Galaxy S22 5G to Motorola Edge 30 Ultra- Technology News, Firstpost

    Categories
    • AI (1,492)
    • Crypto (1,753)
    • Gadgets (1,804)
    • Mobile (1,850)
    • Science (1,865)
    • Technology (1,801)
    • The Future (1,647)
    Most Popular
    Mobile

    Amazon Prime Day 2023 announced — these are the best early phone deals (so far)

    Science

    A Pill That Kills Ticks Is a Promising New Weapon Against Lyme Disease

    Science

    Synthetic Foods: a Protein Made from Water, Electricity, and Air

    Ztoog
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 Ztoog.

    Type above and press Enter to search. Press Esc to cancel.