Bitcoin Addresses Show Increasing Profitability
According to reports, data shows that the number of profitable BTC addresses accounted for 71.779% in the past hour (7d MA), hitting an 11-month high.
The number of profitable BTC addresses hit an 11-month high
Analysis based on this information:
Data reports indicate that Bitcoin addresses have been demonstrating increased profitability in the past seven days, with over 70% of addresses being profitable at an 11-month high. This announcement has sparked attention in the digital currency space and highlights the current state of Bitcoin investment.
Whenever someone invests in Bitcoin, they receive an address tied to their cryptocurrency assets. These addresses can be used to track the profitability of their investments. In other words, the more value that an investor gains from Bitcoin, the higher the chances are that their Bitcoin address will be profitable.
The data report states that 71.779% of Bitcoin addresses have been profitable in the past hour. When the report compares that figure to the 7-day moving average, a significant trend is noticed. Over the past seven days, the percentage of profitable Bitcoin addresses has risen to an 11-month high.
The recent surge in Bitcoin profitability is most likely tied to the recent surge in Bitcoin value. At the time of writing, Bitcoin is trading at a market cap of $1.1 trillion and is currently valued over $58,000 per coin. Over the past several months, the value of Bitcoin has been aggressively climbing. This has caused many investors to look at Bitcoin as an increasingly viable investment opportunity.
Moreover, as more institutions and funds begin to invest in Bitcoin, the potential profitability of the cryptoasset may only increase further. Additionally, with the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), the demand for secure, decentralized cryptocurrencies may continue to rise.
In conclusion, the Bitcoin market is currently showing significant promise. With the current increase in profitability, analysts believe that Bitcoin may be on the verge of entering a period of sustained growth. However, as with any investment, caution and careful research are essential to avoid potential losses.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/6003.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Whale Alert: Millions of USDCs Destroyed – What Does it Mean?
According to reports, Whale Alert data shows that at 2:53130769823 USDCs ($130769823) were destroyed in the USDC Treasury today (Beijing time).
130769823 USDCs destroyed in USDC Tr -
MEV Rook Community Proposal: Dissolving DAO and Allocating Assets to Token Holders
On March 27th, according to the information on the relevant page, the community of the MEV distribution agreement Rook initiated a proposal to dissolve the DAO and allocate the tre
-
Adidas Launches Indigo Herz NFT Project: Everything You Need to Know
According to reports, Adidas\’ NFT project Indigo Herz announced the launch of the \”Indigo Herz Pack\” on social media, providing token gated access for ALTSbyadidas holders, and lat
-
OKX Web3 Wallet Partners with Aura Finance: The Ultimate Guide
On April 20th, according to official sources, OKX Web3 Wallet has reached an official partnership with the Balancer based ecological revenue governance platform Aura Finance. Users
-
What currency is SKT (which country’s currency is SKR)
what currency is skt skt is short for Cryptocurrency. skt is a digital asset that can be used to pay transaction costs. It is different from other major Cryptocurrency such as Bitcoin, Ethereum and Litecoin. It is a virtual token (skt) issued by the holder. In some cases, it is called “gold and silver” or “gold”. Sktt is a Stablecoin denominated in US dollars. Users can store the currency in their wallet as a payment method. When people transfer money in Bitcoin or any other Fiat money, they will receive an email address with a fixed amount of $10000. (cryptoslate) What currency is skrAccording to coinmarketcap data, skr is currently the first Cryptocurrency. It has over 30000 trading pairs and a market value of nearly $6 trillion worldwide SKR is held by SKR holders who can purchase, sell, or exchange any other type of asset, such as stocks, bonds, or gold. This, like Bitcoin, is seen as a means of…
-
ApeCoin’s AIP-206 Proposal for New NFT Series Fails to Pass Snapshot Voting
It is reported that according to the information on the snapshot voting page, the AIP-206 proposal of the ApeCoin community to launch two new NFT series failed to pass with an oppo
-
Sun Yuchen: The market value of wave field stable currency has approached $50 billion, with a target of $100 billion in 2023
According to the latest official news, Sun Yuchen, founder of Bochang TRON, tweeted, \”Two weeks ago, we announced the ambitious goal of a stable currency with a market value of $60
-
Paxos Treasury Destroys Millions of BUSDs in Record Time
According to reports, according to Etherscan data, Paxos Treasury destroyed 74224220 BUSDs six hours ago (17:45 UTC, February 18).
Paxos Treasury destr…
-
Blockchain Sector Suffers as A-shares, Shenzhen Composite Index and Shenzhen Blockchain 50 Index Record Low Closes
According to the news, the A-share closed at 3285.1 points, down 1.11%, the Shenzhen Composite Index at 11608.58 points, down 1.98%, and the Shenzhen Blockchai…
-
El Salvador Grants Bitfinex the Country’s First Digital Asset Service Provider License
According to reports, El Salvador has granted Bitfinex the country\’s first digital asset service provider license. The new license was issued following a law passed by the legislat