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COINTURK NEWS > Bitcoin News > Bitcoin Hits New All-Time High as Profitable Wallets Soar
Bitcoin News

Bitcoin Hits New All-Time High as Profitable Wallets Soar

In Brief

  • Today marks a joyous day for the crypto world; Bitcoin surpasses its 2021 peak.

  • All Bitcoin wallets are now profitable, reaching a new all-time high.

  • Whales in the crypto community have acquired over 4,177 BTC in the past week.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Cryptocurrency enthusiasts are celebrating today as Bitcoin has surpassed its 2021 peak. Bitcoin‘s new record has everyone glued to their screens. The subsequent movement was so rapid that it was hard to keep up with the candlestick charts. With this swift movement, all wallets within the crypto community have turned profitable due to Bitcoin’s new all-time high (ATH).

Contents
Number of Profitable Bitcoin Addresses Hits 100%Bitcoin Poised to Break New Records

Number of Profitable Bitcoin Addresses Hits 100%

Data shared by on-chain analysis aggregator IntoTheBlock reveals a new all-time high unrelated to Bitcoin’s price. IntoTheBlock recently tweeted that 100% of Bitcoin addresses, which amounts to 1.06 million according to the tweet, are currently profitable. This milestone was achieved following Bitcoin’s surge to the $69,000 level today.

The aforementioned on-chain data source has published several tweets stating that Bitcoin optimism has broken all-time highs and that currently, 100% of Bitcoin holders are in profit.

The platform added that in the last seven days, large cryptocurrency holders known as whales in the crypto community have purchased 4,177 BTC, which is worth more than $279 million at current Bitcoin price levels.

Bitcoin Poised to Break New Records

Today, Bitcoin has recorded an approximate 6% increase. Even though Bitcoin has retraced from its $69,000 level, everyone is now sharing the joy of this rise. Bitcoin remains the focal point in discussions on platform X.

From this point forward, staying above the $69,000 level each new day could mean new ATHs for Bitcoin. Each new all-time high will continue to fuel the excitement within the Bitcoin and cryptocurrency community.

It seems that Bitcoin has quickly rewarded the patience of investors after a long bear season. No one expected a peak, especially before the halving, to occur in March. With its latest peak, Bitcoin seems to say to its patiently waiting investors, “Here you go! I kept you waiting, but it seems to have been worth it.” It remains to be seen what surprises Bitcoin will unveil in the coming days. It’s hard to make any definitive statements for the future, but it appears that six-figure sums are now within reach for Bitcoin.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 5 March, 2024 - 7:48 pm 5 March, 2024 - 7:48 pm
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