For Bitcoin ($BTC) holders the last few months have been largely profitable as the price of the cryptocurrency moved up over 140% over the last six months, in a rise that has meant only a minuscule 0.16%, or six days out of the past 3,732 trading days, have resulted in losses for investors based on current prices.
Yilokho ngokusho Idatha evela ku-Blockchain.com, which shows holding Bitcoin has been profitable in 99.92% of the last 3,732 days, with the six days that it was unprofitable to hold onto the cryptocurrency falling between March 9-13 and Mach 25-29, as Cointelegraph kubika.
This resilience highlights the strategic value of holding Bitcoin through periods of market volatility. While short-term fluctuations can be dramatic, Bitcoin’s historical price trajectory suggests long-term gains are more likely.
The price of Bitcoin reached a new all-time high earlier this year above the $73,400 mark after the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States, with Wall Street giants including BlackRock and Fidelity launching their own spot Bitcoin ETFs.
The cryptocurrency’s upcoming halving event, expected to occur later this month, will see the coinbase reward miners receive for finding blocks on the network get cut in half, which will effectively halve the newly minted supply.
<!–
->
Bitcoin is at the time of writing trading at $66,600 after losing around 5% of its value over the past week amid a significant downturn. As CryptoGlobe reported, Bitcoin’s potential price floor could be around the $56,000 mark, according to a Bitfinex Alpha umbiko.
The price floor Bitfinex found is “just above the Realised Price for the short-term holder cohort,” which is currently at around $58,000, while also being the estimated cost basis for those who invested through spot ETFs.
Umbiko uchaza ukuthi ukwehla okufika ku-$56,000 kuzoba “ukwehla okukhulu esingakulindela kusuka endaweni ephezulu entsha” futhi kuzomela ukwehla okungama-23% kuye ku-24%, “okuhambisanayo” nokuhlaziywa kwangaphambili kwenkampani yezilungiso ezimakethe. phansi.
Le phethini ibanjwe ngemuva kokuthi intengo ye-Bitcoin ifinyelele phansi ngoNovemba 2022 ngemuva kokwehla ngaphansi kwe-$ 15,500. Ukulungiswa kwamanje kuqondana nale threndi, okuwela phakathi kwebanga elimaphakathi lika-20% kuya ku-22% elibheke lo mjikelezo, ngisho nokucabangela ukuphahlazeka kwe-flash yansuku zonke.
Izinga Lentengo Elitholiwe leqembu labanikazi besikhathi esifushane lisebenze njengendawo ebalulekile yosekelo neyokumelana kuwo wonke umjikelezo wamanje wokuhweba, ngokuqhubekayo lisekela intengo yaphansi ye-Bitfinex ye-BTC.
Isithombe esifakiwe nge- Unsplash.
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://www.cryptoglobe.com/latest/2024/04/weathering-the-storm-holding-bitcoin-btc-was-profitable-in-99-92-of-days-data-shows/
