Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

Quick Summary:

In fact, data showed an uptick in both new addresses and active addresses – A sign of heightened participation.

Moreover, with the Bitcoin/Gold ratio peaking at 35, Bitcoin is now valued at 35 times gold’s price, marking a yearly high.

This accumulation phase likely fueled Bitcoin’s recent rally, which saw the price climb from $25k to over $90k.

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Article Details

Author / Journalist: Olivia Stephanie

Category: Crypto

Markets: United States

Topics: News 1 Social Ambcrypto BTC Trading View Bitcoin Trading View News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 08:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23610714

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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