Despite the current economic slowdown, Bitcoin (BTC) has broken the $35000 mark for the second time in the past week and remained above $34700. Nearly 80% of its holders are currently in a profitable state, and the cryptocurrency industry is holding its breath
Despite the current economic slowdown, Bitcoin (BTC) has broken the $35000 mark for the second time in the past week and remained above $34700. Nearly 80% of its holders are currently in a profitable state, and the cryptocurrency industry is holding its breath. Let's see what happens next.
According to information shared in the X post by the blockchain and cryptocurrency analysis platform IntoTheBlock, over 78% of Bitcoin holders make money at the current price of their flagship Decentralized Financial (DeFi) assets, rather than a 17% loss published on November 6th.
In addition, 1.94 million addresses previously purchased 778859BTC at the lowest price of $3411.17 and the highest price of $35122.37, making the average price of $34650 a key support level for the first appearance of cryptocurrencies, and bulls need to hold onto this support level in order to achieve "huge profits". As analysts have observed.
Bitcoin Price Analysis
As of the current situation, the trading price of Bitcoin as of the time of publication is $34765, indicating a slight decrease of 0.67% in the past 24 hours, but still rising by 1.31% in the past 7 days. In addition, Bitcoin has risen by 24.90% in the past 7 days. According to the latest ranking on November 7th, the past month has passed.
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