Over 90% of BTC holders in profit
First Mobile Crypto Drainer On Google Play, Base Surpasses $2B in TVL
Bitcoin has surged past and sustained the price level of over $65k, dragging most of the crypto market up with it.
According to IntoTheBlock, the surge puts 90% of Bitcoin holders in profit. Earlier today, the percentage was around 94%.
The notable increase in cryptocurrency prices can be attributed to macro trends like the US economy having grown 3%, decrease in jobless claims, and China's announcement of stimulus measures.
Interest in Bitcoin ETFs has also surged, with a $242 million inflow over a couple of days.
These profitability levels were last seen in July. However, whales have just recently offloaded around $1.28 billion of Bitcoin.
Market Update
News
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