Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Riya143 on July 29, 2020, 09:59:49 AM

Title: 93% of Bitcoin's Supply Profitable at $11K, 'Realized Price' Recovers from Black
Post by: Riya143 on July 29, 2020, 09:59:49 AM

Onchain data shows that bitcoin’s breakout above $11,000 puts 93% of the circulating supply in a state of profit. Additionally, seven-day metrics show that bitcoin’s “realized price” has recovered from the low that took place on March 12.

The research and analysis firm Glassnode revealed that when the price of bitcoin (BTC) is over the $11,000 range, 93% of bitcoin in circulation becomes profitable. At the time of publication, BTC has been struggling to hold that momentum as the price has shifted below the $11k range a couple of times on Tuesday.

The spike on Tuesday led to a decent jump in onchain profits Glassnode detailed on Twitter.
Read More: https://news.bitcoin.com/93-of-bitcoins-supply-profitable-at-11k-realized-price-recovers-from-black-thursday/

Title: Re: 93% of Bitcoin's Supply Profitable at $11K, 'Realized Price' Recovers from Black
Post by: ShadowCrypto on July 30, 2020, 02:35:57 AM

once btc makes a new alltime high alts will go crazy..... like a termite in a sawmill.... like whorehouse on nickel night..... etc.