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<ul>
 <li>Bitcoin’s value soars past $46,000, hitting a profitability high unseen since late 2021.</li>
 <li>Record 90% of BTC holding addresses now basking in profit, a significant market turnaround.</li>
 <li>Ethereum also sees a rise in profitability with 78% of holders in the green.</li>
</ul>
<p>Bitcoin (BTC) has recently made a remarkable surge, breaking the $46,000 threshold, a feat not achieved since November 2021. This breakthrough has been highlighted by Glassnode’s data, showing an impressive rise in profitability for Bitcoin holders. Currently, over 90% of all Bitcoin holding addresses are enjoying profits, signifying a major rebound and investor confidence boost in the cryptocurrency market.</p>
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   <p lang="en" dir="ltr">According to glassnode, as BTC breaks through $46,000, more than 90% of all coin holding addresses are currently in profit. It is the first time since November 2021. About 78% of ETH holding addresses are profitable. <a href="https://t.co/oeaEPIfl35" rel="noopener noreferrer nofollow">pic.twitter.com/oeaEPIfl35</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1744907276065046743?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 10, 2024</a>
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<p>The significance of this milestone is profound. It marks a considerable recovery for Bitcoin, especially given the past year’s market volatility. The last time such an extensive portion of Bitcoin holders were in profit was over a year ago, indicating a strong bullish sentiment resurfacing in the market.</p>
<p>Ethereum (ETH) holders are not left behind in this wave of profitability. Approximately 78% of ETH holding addresses are now profitable, showcasing resilience and strength in the Ethereum market. This is especially noteworthy amidst the ongoing developments and transitions within the Ethereum network.</p>
<p>The overall health of the cryptocurrency market appears to be on a strong upward trajectory, as evidenced by the performance of major players like Bitcoin and Ethereum. These profitability rates are keenly watched by investors and market analysts, as they play a crucial role in shaping future investment decisions and market dynamics.</p>
<p>For crypto enthusiasts and investors, this period marks a time of optimism and opportunity. The increasing profitability of both Bitcoin and Ethereum holding addresses signals a strengthening market, laying the groundwork for potentially more positive developments in the world of cryptocurrencies.</p>
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<p>The post <a href="https://cryptonewsland.com/bitcoins-remarkable-surge-90-profit-for-holders-as-btc-hits-46k/" rel="noopener noreferrer nofollow">Bitcoin’s Remarkable Surge: 90% Profit for Holders as BTC Hits $46K</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Remarkable Surge: 90% Profit for Holders as BTC Hits $46K

Crypto News Land

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