Bitcoin Supply 95% Profitable as Price Surpasses $117K
Key Takeaways: Glassnode reports that more than 95% of Bitcoin’s circulating supply is now profitable following the cryptocurrency’s surge past $117,000. Bitcoin is entering an extended euphoria phase characterized by widespread holder profitability and heightened market volatility. Analysts noted that Bitcoin’s high profitability levels often precede periods of increased sell-side pressure. This pattern aligns with […]
Bitcoin Price Eyes $117K: Fed Rate Cut Sparks Potential Bullish Breakout
Key Takeaways: Bitcoin has shown signs of upward momentum, trading just above $117,000 as the cryptocurrency market reacts to a series of significant economic developments. The price surge comes after the Federal Reserve cut interest rates by 25 basis points, alongside a more accommodating outlook on monetary policy. These changes have given Bitcoin a fresh […]