Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin profitability reaches 97% for first time in 2 years
BITCOIN NEWS

Bitcoin profitability reaches 97% for first time in 2 years

By Crypto FlexsMarch 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin profitability reaches 97% for first time in 2 years
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin is an eventful few weeks In terms of price action. The world’s largest cryptocurrency is currently up 19% in the past seven days and 43% in the past 30 days, its highest gain in a year. As a result, a huge number of BTC addresses were pushed into profitable territory. For the first time in over two years, 97% of all Bitcoin addresses were profitable.

Number of Bitcoin Addresses Seeing Profits Soar as Price Surges

According to the cryptocurrency on-chain analysis platform: Into the Block, 50.62 million Bitcoin addresses are profitable at current price levels. This staggering figure accounts for over 97% of all wallet addresses. Notably, the last time holders saw this level of profitability was in November 2021, when the price of Bitcoin was near an all-time high at around $69,000.

In particular, market penetration has led to Bitcoin’s massive rise over the past few months. just last month, 91% of addresses benefited. Despite occasional selling and profit-taking by some investors trying to break even, the huge profitability means that selling pressure no longer has a significant impact, so the address’s share of profits continues to grow.

How long can Bitcoin maintain this upward momentum?

The price of Bitcoin has soared over the past few months. It recently surpassed $60,000. again. As of this writing, the top cryptocurrency is currently trading at $62,233, with 1.28 million addresses, representing 2.46% of all addresses, at breakeven.

Bitcoin is now trading at $62,233. Chart: TradingView.com

Reasons for the price surge include: Increased mainstream adoption In the traditional investment world Bitcoin ETF Spot. This ultimately gave rise to a new wave of thinking. In February, 69,244 BTC were worth over $3.6 billion. Deactivated from cryptocurrency exchange.

In particular, those who have made the most profits are those who have held Bitcoin for a long period of time. According to IntoTheBlock, 13.6 million Bitcoins are owned by investors who have held the assets for over a year.

However, since Bitcoin faces little to no resistance along the way, new investors can still expect continued price surges. There are only 0.37% (193,000) addresses waiting to profit at the current price.

Most experts are optimistic about Bitcoin’s price potential for the remainder of 2024 and beyond. With the bull market in full swing, many traders and cryptocurrency analysts believe Bitcoin will continue to hit all-time highs in 2024. The year-end price target is $100,000 per Bitcoin up to $300,000.

Featured image from Pexels, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

NVIDIA VGPU 18.0 expands AI features on virtual platforms.

March 20, 2025

Ethereum price surges 5% to $2,550 as ETH bulls finally take over What’s next?

December 28, 2023

Two major events will bring volatility to the stock market next week: Bloomberg

December 11, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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