Bitcoin

As Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) continues to hang around the $28,000 psychological threshold, demonstrating strength amid the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">financial</a> crisis that has toppled some of the major <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banks</a> in the world, its worth to <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> becomes more evident, even for those that only decided to join after its all-time high (ATH).Indeed, people who started <a href="https://finbold.com/guide/dollar-cost-averaging-definition/" rel="noopener noreferrer nofollow">dollar-cost averaging</a> (DCA) into <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> at its ATH price of $69,000 on November 10, 2021, are currently recording 10% returns on their regular <a href="https://finbold.com/topic/investing/" rel="noopener noreferrer nofollow">investment</a>, despite the price of Bitcoin currently being <a href="https://finbold.com/percentage-calculator/" rel="noopener noreferrer nofollow">60% lower</a> than the ATH, according to the data and charts <a href="https://twitter.com/BitcoinMagazine/status/1637862162218770433/photo/1" rel="noopener noreferrer nofollow">shared</a> by Bitcoin Magazine on March 20.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8ea99cfa2f7a4dbf854f8a558fe94703.jpg" />Bitcoin DCA since November 10, 2021. Source: <a href="https://twitter.com/BitcoinMagazine/status/1637862162218770433/photo/1" rel="noopener noreferrer nofollow">Bitcoin Magazine</a><h2 id="header-0">Patience pays off</h2>Despite things not looking so well in July 2022, when these investors were at a loss of 51.91%, or in November and December 2022, when they were still down about 40%, the situation has significantly improved since then for those who have stuck with their strategy and steadily purchased the largest decentralized finance (<a href="https://finbold.com/guide/liquidity-mining-definition/" rel="noopener noreferrer nofollow">DeFi</a>) asset by market capitalization.Notably, Bitcoin dollar-cost averaging refers to investing a fixed amount of USD into BTC at regular time intervals. Purchasing $10 worth of Bitcoin every week would be a typical example of DCAing. This strategy is mostly used by investors seeking to <a href="https://finbold.com/guide/best-crypto-exchanges-buy-bitcoin/" rel="noopener noreferrer nofollow">buy Bitcoin</a> for the long term since it reduces the risk of allocating all capital at price peaks and the impact of volatility, removing mental barriers of other <a href="https://finbold.com/guide/what-is-investing/#Common_investing_strategies" rel="noopener noreferrer nofollow">investment strategies</a>.<h2 id="header-1">Bitcoin price analysis</h2>Meanwhile, the price of Bitcoin at press time stood at $27,945, which demonstrates a 0.27% drop in the last 24 hours, as the flagship <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> still retains the gains of 7.69% accumulated across the previous week and 12.85% over the past month, according to the <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> data retrieved by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> on March 21.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/402cf7ba47084aa58e8e9ee7cfc6f973.png" />Bitcoin 7-day price chart. Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>At the same time, Bitcoin has added $219.86 billion to its market cap in 2023 against the backdrop of the wide-reaching <a href="https://finbold.com/credit-suisse-shares-tank-over-50-as-historic-ubs-merger-fails-to-quell-fears/" rel="noopener noreferrer nofollow">crisis</a> in the <a href="https://finbold.com/category/banking-news/" rel="noopener noreferrer nofollow">banking sector</a> that has claimed several casualties and led to the five leading banks in the United States to <a href="https://finbold.com/100-billion-leaves-5-largest-u-s-banks-market-cap-in-2023-as-bitcoin-adds-200-billion/" rel="noopener noreferrer nofollow">lose an aggregated market capitalization of $108.92 billion</a> during the same period, while the <a href="https://finbold.com/bitcoin-fear-greed-index-hits-16-month-high-as-btc-regains-28k/" rel="noopener noreferrer nofollow">crypto Fear &amp; Greed Index is at the highest level</a> in the last 16 months.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">Finbold.com</a>.

Investors who began DCA into Bitcoin at $69k ATH are now up 10%

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