Bitcoin

Million

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<ul class="news-points"> 
 <li>Glassnode data showed close to 40 million Bitcoin wallet addresses were in profit.</li> 
 <li>The figure marked an all-time high, surpassing levels last seen during the 2021 bull market.&nbsp;</li> 
 <li>Addresses currently holding at a loss hover around 9 million, a decrease from the 20 million seen last December.</li> 
</ul> 
Following the recent upward trend in the <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">world’s largest cryptocurrency, Bitcoin</a>, Glassnode data shows the number of Bitcoin wallet addresses holding the digital asset profitably has also increased.&nbsp; 
Indeed, the latest data from the on-chain analytics firm revealed that nearly 40 million Bitcoin addresses were in profit. This sudden rise came on the back of a recent market rally that took Bitcoin’s price as high as $35,000.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/2GUjXBMIBiBFtbbPP2iiwBCENUgjzECLYQT5VVAlG1Ux3xYaaM7dIETxSHbVHpnz2285w2vNGXCf7ENAN-2IoyqJ8VCR3M1qW-eL4SvGLGH9EfhnV8_KKjXG9LcRT7F20NJLnKUbLbquf2KEC3IvVvk" alt="" style="aspect-ratio:1.7777777777777777;width: 100%;height:auto">
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 Bitcoin wallet addresses in profit chart. Source: <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=&amp;m=addresses.ProfitCount&amp;zoom=all" target="_blank" rel="nofollow">Glassnode</a>
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</div> 
The recent spike marked the highest amount of Bitcoin wallet addresses in profit, surpassing the 38.1 million recorded during the 2021 bull market. More so, the spike is coming at a time when BTC’s price is still considerably below its all-time high.&nbsp;&nbsp; 
Despite the increase, the 2021 levels still surpassed current standings, as over 100% of Bitcoin addresses with a non-zero balance…
The post <a rel="nofollow" href="https://coinedition.com/bitcoin-resurgence-almost-40-million-bitcoin-addresses-in-profit/">Bitcoin Resurgence: Almost 40 Million Bitcoin Addresses in Profit</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin Resurgence: Almost 40 Million Bitcoin Addresses in Profit

Coin Edition

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