Bitcoin Profitability Skyrockets To Record Levels With 99.9% Of Addresses In Profit

Quick Summary:

Bitcoin’s recent significant upward move to a new all-time high has triggered massive gains in the market as investors, both retail and institutional are currently seeing notable profits from their investments, further solidifying BTC’s position as the leading digital asset in the entire crypto industry.

According to recent reports, the key index has grown by over 221%, with a prior high of 272% and previous cycle peaks of 460% and 395%.

It is important to note that the increase in profitability of all addresses may cause a bearish shift for Bitcoin.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Bitcoin's Profitability Index Bitcoin News BTCUSDT Alphractal Btc Bitcoin's Percentage of Addresses in Profit Vs. Loss Btcusd Bitcoin Axel Adler Jr

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 14:00:50 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23480563

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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